Monopoly practises are not illegal in the US. They are once they become a detriment to the industry. Ever heard of AT&T? Also, gaining collateral from the collapsed businesses isn't a bad thing. He used the profits to exapand his business.[QUOTE="naaydaa"][QUOTE="sSubZerOo"]
Do you have any idea what your talking about? What he specfically did was bought out companies used the COMPANIES collateral, gaining the profits.. Witht he business conviently going bankrupt shortly after? And furthermore DO You know what your talking about? Monopolies andcartel practicesare illegal in the United States.. Meaning he raided them, let them faily while gaining the money and let the imploding business pick up the pay check..
sSubZerOo
Yes WHILE leading the demise to the company they bought out shortly after including the firing of all its employees.. Meaning HIS business gained profits and didn't actually lose anything from the diseaster, and the company that died literally was given the bill.. That is corporate raiding.. I can't believe how ANY ONE could defend this kind of practice due to the fact of how highly unethical it is.. How any one could some how defend this action as why he would make a good president is HILARIOUS. So another words he purposely bought out a business and gamed the system to gain more profits while destroying a business and leaving all the debt and costs on the dead business..
So what? He paid the previous owner of the business to claim his capital, so the previous owner should have no problem paying off his debts and costs. Monopolization and trust building have been an integral part of American industry for YEARS. Anybody who overlooks this fact is HILARIOUS. Both parties profited from the deal... Romney gained capital so that he could expand his business to new locations in order to boost consumption, whereas the previous owner made it off without the burden of running an infeasible business.
Log in to comment