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John Rich – Calling Out P. Diddy, TVA Scandal, and Joel Osteen | SRS #232 Capablanca Teaches Us The ONLY Chess Opening You'll Ever Need "How Bruce Springsteen Fooled America" How ancient Rome was excavated in Italy in the 1920s. Unique rare videos and photos. Reagan JOKE On The Homeless The Deleted Wisdom (1776 Report) Sicko Transfaggots video The Englund Gambit Checkmate 20 Minutes Of Black DC Residents Supporting Trump's Federal Takeover! "Virginia Public Schools Deserve This Reckoning" "'Pack the Bags, We're Going on a Guilt Trip'—the Secret to the Democrats' Success" "Washington, D.C., Is a Disgrace" "Trump Orders New 'Highly Accurate' Census Excluding Illegals" what a freakin' insane asylum Sorry, CNN, We're Not Going to Stop Talking About the Russian Collusion Hoax "No Autopsy Can Restore the Democratic Party’s Viability" RIP Ozzy "Trump floats 'restriction' for Commanders if they fail to ditch nickname in favor of Redskins return" "Virginia Governor’s Race Heats Up As Republican Winsome Sears Does a Hard Reboot of Her Campaign" "We Hate Communism!!" "Mamdani and the Democratic Schism" "The 2nd Impeachment: Trump’s Popularity Still Scares Them to Death" "President Badass" "Jasmine Crockett's Train Wreck Interview Was a Disaster" "How Israel Used Spies, Smuggled Drones and AI to Stun and Hobble Iran" There hasn’T been ... a single updaTe To This siTe --- since I joined. 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Here Are Receipts" "Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands "Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies" "Left Using '8647' Symbol for Violence Against Trump, Musk" KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel "Trade should work for America, not rule it" "The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP" "How Trump caught big-government fans in their own trap" ‘Are You Prepared for Violence?’ 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: 10413 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 # 18. #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   #18. To: Godwinson (#7) 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. Conservatives think seniors aren't capable of knowing what good for them. lucysmom  posted on  2011-06-03   16:40:46 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 18.         There are no replies to Comment # 18. End Trace Mode for Comment # 18. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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