On 2-Dec-2011, bpuharic wrote:

Buyout firms don't buy debt, they buy assets. Debt is liquidated. That's
the advantage of buying bankrupt companies. SUCESFUL companies left the
U.S. long ago unless the cost of freight offsets the many other
advantages
such as costs, your predatory government, and your relentlessly begging
population.


successful companies left here because the middle class has been
destroyed by right wing economics. there's nothing left to plunder

I'll help you one final time. Let's pretend you had the ability to start
and operate a company, producing something within your skill set -
say.....cream cheese dildos. Business was great and you were shipping all
over the continent.

Suddenly sales nose dive. You wonder why. You look around and see cream
cheese dildo's being shipped to your marketplace from Japan, Korea and
China. You decide to get even with them and ship to Japan, Korea and China!
DAMN THEM *******S. Then you learn that Japan and Korea don't allow your
cream cheese dildo's into their country because it will kill their dildo
industry, and, China doesn't need your expensive dildos.

What do you do? Pick one:

1) Wring your hands and bitch in new groups,

2) Import your dildo's from China and flood the marketplace in the same was
Walmart does,

or,

3) Form a joint venture with the red Chinese government to make dildo's in
China for export to North America - because you're not permitted to build
and ship from Japan or Korea. (This is what happened to your automobile
industry)

Either way you fire all the employees in your U.S. dildo plant, file
bankruptcy, and move to Asia, unless you select option 1 where you beg from
your bankrupt government.

You're lucky stupidity isn't painful.