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"International court’s attack on Israel a sign of the free world’s moral collapse" "Pete Hegseth Is Right for the DOD" "Why Our Constitution Secures Liberty, Not Democracy" Woodworking and Construction Hacks "CNN: Reporters Were Crying and Hugging in the Hallways After Learning of Matt Gaetz's AG Nomination" "NEW: Democrat Officials Move to Steal the Senate Race in Pennsylvania, Admit to Breaking the Law" "Pete Hegseth Is a Disruptive Choice for Secretary of Defense. That’s a Good Thing" Katie Britt will vote with the McConnell machine Battle for Senate leader heats up — Hit pieces coming from Thune and Cornyn. After Trump’s Victory, There Can Be No Unity Without A Reckoning Vivek Ramaswamy, Dark-horse Secretary of State Candidate Megyn Kelly has a message for Democrats. Wait for the ending. Trump to choose Tom Homan as his “Border Czar” "Trump Shows Demography Isn’t Destiny" "Democrats Get a Wake-Up Call about How Unpopular Their Agenda Really Is" Live Election Map with ticker shows every winner. Megyn Kelly Joins Trump at His Final PA Rally of 2024 and Explains Why She's Supporting Him South Carolina Lawmaker at Trump Rally Highlights Story of 3-Year-Old Maddie Hines, Killed by Illegal Alien GOP Demands Biden, Harris Launch Probe into Twice-Deported Illegal Alien Accused of Killing Grayson Davis Previously-Deported Illegal Charged With Killing Arkansas Children’s Hospital Nurse in Horror DUI Crash New Data on Migrant Crime Rates Raises Eyebrows, Alarms Thousands of 'potentially fraudulent voter registration applications' Uncovered, Stopped in Pennsylvania Michigan Will Count Ballot of Chinese National Charged with Voting Illegally "It Did Occur" - Kentucky County Clerk Confirms Voting Booth 'Glitch'' Shifted Trump Votes To Kamala Legendary Astronaut Buzz Aldrin 'wholeheartedly' Endorses Donald Trump Liberal Icon Naomi Wolf Endorses Trump: 'He's Being More Inclusive' (Washed Up Has Been) Singer Joni Mitchell Screams 'F*** Trump' at Hollywood Bowl "Analysis: The Final State of the Presidential Race" He’ll, You Pieces of Garbage The Future of Warfare -- No more martyrdom! "Kamala’s Inane Talking Points" "The Harris Campaign Is Testament to the Toxicity of Woke Politics" Easy Drywall Patch Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind" Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’ Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens Presidential race: Is a Split Ticket the only Answer? hurricanes and heat waves are Worse 'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic Joe Rogan Experience #2219 - Donald Trump IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons Gallant: ‘After we strike in Iran,’ the world will understand all of our training The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses Six Al Jazeera journalists are Hamas, PIJ terrorists Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general Iran's Assassination Program in Europe: Europe Goes Back to Sleep Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA. Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In Economy See other Economy Articles Title: Sharks who made a killing out of 'care': How City predators destroyed firm caring for 31,000 old people Source: Mail Online URL Source: http://www.dailymail.co.uk/news/art ... te-equity-firm-Blackstone.html Published: Jun 2, 2011 Author: Tim Shipman Post Date: 2011-06-03 11:13:45 by lucysmom Keywords: Fat Cat Bailout, Privatization Views: 9929 Comments: 19 * Care-home bailout could cost £600m * Second biggest care company also in trouble Shark: Stephen Schwarzman's U.S. private equity firm Blackstone bought out Southern Cross Healthcare in 2004 before selling them three years later Taxpayers face having to rescue more than 31,000 vulnerable people amid financial meltdown at the UK’s biggest care-home company. The bill could run into hundreds of millions of pounds after ruthless City speculators left Southern Cross Healthcare in dire straits. There is anger and outrage that so many lives have been thrown into turmoil through the actions of City venture capitalists. The U.S. private equity firm Blackstone, led by Stephen Schwarzman, bought Southern Cross in 2004 for £162million and sold it three years later. It is believed to have quadrupled its investment. But to achieve this it sold off the company’s homes, robbing Southern Cross of its capital and forcing it to lease the properties back from another company. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 10. #1. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0) When Blackstone became a public company in 2007, it revealed that chief executive Stephen Schwarzman was paid more than a million dollars a day the previous year. That same year he had the dubious honour of being declared the ‘new King of Wall Street’ just months before the biggest crash in its history. He was certainly the king of conspicuous consumption. While other private equity moguls tend to be shy of publicity, Schwarzman advertises his self-indulgence at every opportunity. snip Raised in suburban Philadelphia, Schwarzman, 64, who is estimated to be worth more than £4billion, went to Harvard Business School and was managing director of the investment bank Lehman Brothers by the time he was 31. In 1985, he set up the Blackstone Group (schwarz is German for black) with Peter Peterson, a former Lehman’s colleague and former US Commerce Secretary under President Nixon. It originally specialised in company mergers and acquisitions but after two decades of clever investments in almost every sector of the economy, it had grown into the world’s biggest private equity investment firm. snip In 2010, he compared one of President Obama’s plans to limit the financial rewards of Wall Street bosses to Hitler’s invasion of Poland in 1939. In 2010, he compared one of President Obama’s plans to limit the financial rewards of Wall Street bosses to Hitler’s invasion of Poland in 1939. Limiting financial rewards for these guys is too generous. lucysmom  posted on  2011-06-03   11:30:26 ET  Reply   Untrace   Trace   Private Reply   #2. To: lucysmom (#1) Democrats do this sort of thing on a nation-wide scale and reward themselves generously. Rudgear  posted on  2011-06-03   11:33:00 ET  Reply   Untrace   Trace   Private Reply   #3. To: Rudgear (#2) Democrats do this sort of thing on a nation-wide scale and reward themselves generously. The best response you can come up with is an irrelevant "democrats do it too"? lucysmom  posted on  2011-06-03   11:36:16 ET  Reply   Untrace   Trace   Private Reply   #4. To: lucysmom, Rudgear (#3) Democrats do this sort of thing on a nation-wide scale and reward themselves generously. The best response you can come up with is an irrelevant "democrats do it too"? If that was the case, seniors would hate SS and medicare. But they don't so you are a filthy liar Rud. Godwinson  posted on  2011-06-03   12:36:37 ET  Reply   Untrace   Trace   Private Reply   #6. To: Godwinson, Rudy (#4) But they don't so you are a filthy liar Rud. He's also a total idiot, something he proves with every post he makes. Skip Intro  posted on  2011-06-03   13:57:54 ET  Reply   Untrace   Trace   Private Reply   #7. To: Skip Intro, Rudgear, lucysmom (#6) The so called conservatives keep pushing a story that SS and medicare are killing seniors or is bad for seniors as a defense - yet seniors kill any politician that dares mess with those programs. That is customer loyalty. If it was a horrible program seniors, who vote in large numbers, would have eliminated the program long ago. This proves Rudgear's comment is based on willful ignorance, stupidity or outright lie. Godwinson  posted on  2011-06-03   14:19:25 ET  Reply   Untrace   Trace   Private Reply   #8. To: Godwinson (#7) Both you and Skippy hate being ignored, don't you Destro? You two are pathetic in your need. Rudgear  posted on  2011-06-03   14:21:52 ET  Reply   Untrace   Trace   Private Reply   #10. To: Rudgear, Skip Intro (#8) I am Godwinson, and I just called you a filthy little liar, Rudgear. I don't ignore filthy liars like you. I call scum like you out for what you are. Godwinson  posted on  2011-06-03   14:25:19 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 10. #12. To: Godwinson (#10) Here's a clue, Destro. Information you disagree with or reject is not by definition a lie. Needy, angry, little twerp. Rudgear  posted on  2011-06-03 14:31:43 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 10. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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