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peppertree

(22,850 posts)
7. Well said. The infamous 'disaster capitalism'.
Wed Nov 29, 2023, 02:08 PM
Nov 2023

Which, as you know, is more and more becoming a favorite go-to business plan for many billionaires - particularly miscreants like Paul Singer.

And not just against defenseless third-world countries: just look at what Singer did to Delphi.

Once the world's largest auto parts maker - and the go-to supplier for GM - Singer squeezed $1.5 billion from Delphi, using TARP funds to help ensure the heist worked.

He also shuttered most of it s production capacity - leaving GM dependent on Chinese parts for years.

In other words - he's a national security risk, besides being a greasy little highwayman.

But such is the world sadly.

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