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If you're interested in why Wall Street banks propped Trump - and how they play those games with massive debt, which gets forgiven - it's in my latest Game Theory Today podcast. https://megaphone.link/STA9234013086
If you want a deconstruction - rarely if ever done in public - of junk bond debt, check out my work on how Guitar Center gutted the musical instrument industry. https://www.ericgarland.co/2015/02/03/end-guitar-center/
It all started when I wrote a small blogpost about Guitar Center, junk bonds, and BAIN CAPITAL.
The company's reaction...made me very curious. https://www.ericgarland.co/2013/11/26/guitar-center-big-box-retail/
The company's reaction...made me very curious. https://www.ericgarland.co/2013/11/26/guitar-center-big-box-retail/
I'd never seen any company act so aggressively around a mere comment about their finances...that simply quoted a Reuters story.
But then, it leads back to a DARK pot of money. https://www.ericgarland.co/2013/12/05/guitar-center-respond-viral-blog-post/
But then, it leads back to a DARK pot of money. https://www.ericgarland.co/2013/12/05/guitar-center-respond-viral-blog-post/
Turns out I was over a major target. The PRIVATE EQUITY firms that had taken over the company were refinancing their ugly debt the ugly way right when my story went viral.
Which explained why they didn't want anybody looking. https://www.ericgarland.co/2014/03/03/wsj-guitar-center-acquired-major-creditor/
Which explained why they didn't want anybody looking. https://www.ericgarland.co/2014/03/03/wsj-guitar-center-acquired-major-creditor/
Because when I went looking, I found a global network of banksters - leading to Trump and Kushner, incidentally - for whom YOUR FAMILY'S FINANCIAL SUFFERING is their entire business model.
And they've been at it for years. https://www.ericgarland.co/2014/03/29/parasite-economy/
And they've been at it for years. https://www.ericgarland.co/2014/03/29/parasite-economy/
Bain Capital - a master of this play - was of course started by Mitt Romney. And one of his first investors? Ghislaine Maxwell's father - Robert Maxwell.
No wonder Romney didn't want people looking at offshore wealth through tax returns... https://www.theatlantic.com/international/archive/2012/02/the-weakening-of-nations-how-tax-work-arounds-undermine-our-society/252779/
No wonder Romney didn't want people looking at offshore wealth through tax returns... https://www.theatlantic.com/international/archive/2012/02/the-weakening-of-nations-how-tax-work-arounds-undermine-our-society/252779/
It's not even vulture capitalism - vultures serve a purpose in the ecosystem.
This is COVID Capitalism. The destruction is the point, and they don't care who is harmed. https://www.ericgarland.co/2017/05/30/guitar-center-bonds-crater/
This is COVID Capitalism. The destruction is the point, and they don't care who is harmed. https://www.ericgarland.co/2017/05/30/guitar-center-bonds-crater/
And you can only keep the game going so long. https://www.ericgarland.co/2017/06/02/fd-reports-bankruptcy-guitar-center/
Guitar Center continues to fascinate me because it's only a $2 billion/year company. It only matters to musicians.
But the COVID Capitalists destroyed it all the same.
And they're the same people destroying democracy. https://www.nytimes.com/2020/10/23/business/guitar-center-is-preparing-for-a-possible-bankruptcy-filing.html
But the COVID Capitalists destroyed it all the same.
And they're the same people destroying democracy. https://www.nytimes.com/2020/10/23/business/guitar-center-is-preparing-for-a-possible-bankruptcy-filing.html
