On 2-Dec-2011, Canuck57 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.

And each day DC fleabaggerism goes on, the worse it gets. I figure USA
is now well past an easy recovery. Too much real wealth is gone and the
problem causes of government-banks is still underway digging a deeper
hole.

To recover, there has to something to be recovered. Your core economic base
is gone. Productive output is not an option for 4 to 5 generations. What
you need to do is adapt to a very uncomfortable living standard.