After reading Matt Taibbi’s recent post where he briefly refers to Bain Capital as a mob bust out, I’m calling priority. Long before the cool kids were calling Bain Capital a mob bust out, the Mad Biologist was (from “How to Extract Wealth, Mitt Romney Style: The Bain Bust Out“):
This is not Schumpter’s creative destruction, this is looting.
When the mob does this, we recognize it as fraud. When men from good schools with nice, conservative suits do this, it’s called financial engineering, even though it’s really no different in kind (video has not-safe-for-work language).
Even tagged the Goodfellas clip.
I called this in January. Really, this shit is not hard, you just have to be paying attention.
Hopefully, I won’t be plagarized….