01.01.70
Let's see. Leveraged buy outs, by Michael Milken and firms like Bain, were designed to out equity values on the very same "ATM" mentality that just battered the box market. You don't have to be within two steps of the business world to know this. Romney was a artist at being long the equity, and then out before it blew up because of excess leverage. Sometimes he was long the defect firm's assets, when its equity value fell below their parceled out market-place value. Either way, he's in, then he's out.
The "short-term" tale to why we are in this mess doesn't play well for Mitt “The Ripper” Romney. He doesn't deficient far enough from the tree.
If I had millions, or enough to establish positions writing CDS, and naked shorts, etc, it wouldn't be plain to short-shark viable companies into the toilet. Jim Crammer has been there. Some companies are sympathy, some not, but what's important when you're in it for the short-gain, is to be among the 200 who can scream "vend", when only 100 shares exist, or the one taking all kinds of perquisite on CDS, who doesn't care what happens when things go bust, becuase he will be fancy gone from the next "AIG".
Source: Big Government