Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-53239 Sat, 01 Feb 2014 21:47:10 GMT Italy is wasting away month by month http://implode-explode.com/viewnews/2014-02-01_Italyiswastingawaymonthbymonth.html iehi-feed-52824 Sun, 01 Dec 2013 14:25:21 GMT Boosting Profits While Wages Sag: Japan http://implode-explode.com/viewnews/2013-12-01_BoostingProfitsWhileWagesSagJapan.html iehi-feed-52543 Sun, 27 Oct 2013 16:04:45 GMT Something Is Not Right With This $6 Million Bid To Buy The World Largest Industrial Ruin http://implode-explode.com/viewnews/2013-10-27_SomethingIsNotRightWithThis6MillionBidToBuyTheWorldLargestIndust.html iehi-feed-51580 Wed, 17 Jul 2013 21:13:49 GMT Markit: Worldwide Business Confidence Drops to Post-Crisis Low; Makes Fed "Tapering" Unlikely http://implode-explode.com/viewnews/2013-07-17_MarkitWorldwideBusinessConfidenceDropstoPostCrisisLowMakesFedTap.html iehi-feed-50692 Fri, 03 May 2013 20:13:08 GMT The Man Who Oversees $65 Billion Discusses Action In Gold http://implode-explode.com/viewnews/2013-05-03_TheManWhoOversees65BillionDiscussesActionInGold.html iehi-feed-50106 Wed, 27 Feb 2013 16:10:41 GMT New Stream Hedge Fund Executives Charged with Criminal Fraud http://implode-explode.com/viewnews/2013-02-27_NewStreamHedgeFundExecutivesChargedwithCriminalFraud.html iehi-feed-50066 Sun, 24 Feb 2013 18:57:49 GMT Post-downgrade Britain: Choose your vicious circle http://implode-explode.com/viewnews/2013-02-24_PostdowngradeBritainChooseyourviciouscircle.html iehi-feed-47491 Fri, 14 Sep 2012 17:16:18 GMT Is Wells Fargo Run By The Catty Ladies From TV's Dynasty? http://implode-explode.com/viewnews/2012-09-14_IsWellsFargoRunByTheCattyLadiesFromTVsDynasty.html iehi-feed-47371 Tue, 11 Sep 2012 19:12:34 GMT FDIC Sues Banks and Depositors Over MBS Fraud http://implode-explode.com/viewnews/2012-09-11_FDICSuesBanksandDepositorsOverMBSFraud.html iehi-feed-47246 Fri, 07 Sep 2012 19:05:06 GMT Matt Taibbi On HuffPost Live: 'Private Equity Companies Do Not Exist To Turn Around Companies' http://implode-explode.com/viewnews/2012-09-07_MattTaibbiOnHuffPostLivePrivateEquityCompaniesDoNotExistToTurnAr.html iehi-feed-45081 Wed, 18 Jul 2012 03:49:55 GMT "Romney's Bain Yielded Private Gains, Socialized Losses" - Private Equity Exec http://implode-explode.com/viewnews/2012-07-17_RomneysBainYieldedPrivateGainsSocializedLossesPrivateEquityExec.html Thanks to leverage, 10 of roughly 67 major deals by Bain Capital during Romney's watch produced about 70 percent of the firm's profits. Four of those 10 deals, as well as others, later wound up in bankruptcy. It's worth examining some of them to understand Romney's investment style at Bain Capital.

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While Bain Capital wasn't alone in using financial engineering to turbo-charge its returns, it was among the most aggressive under Romney's leadership. Enriching investors by taking leveraged bets isn't a qualification for a job requiring long-term vision and concern for public welfare. It is appropriate to point that out to voters.

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iehi-feed-45080 Wed, 18 Jul 2012 03:39:18 GMT Mitt Romney's "Magical IRA" http://implode-explode.com/viewnews/2012-07-17_MittRomneysMagicalIRA.html The most mysterious of the unexplained mysteries about Mitt Romney's considerable wealth is how he was able to amass between $21 million and $102 million in his individual retirement account during the 15 years he was at Bain Capital LLC.

How did he do it, given the relatively small amounts that the law permits to be contributed to such a plan on an annual basis? Romney has not explained this conundrum...

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What was "quite troubling" to Kleinbard is that he suspected Romney may have contributed these interests to his IRA at a fraction of their market value -- "pennies on the dollar" -- and well below what he might have charged you or me. When the buyouts became successful, Kleinbard proposed, the pennies on the dollar were suddenly worth real dollars.

"What's very frustrating to me about all this is that we can only talk in abstractions and generalities because, again, of the lack of disclosure," Kleinbard said.

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iehi-feed-41530 Wed, 18 Jan 2012 17:18:22 GMT Anti-Romney File "Goldmine" Unearthed http://implode-explode.com/viewnews/2012-01-18_AntiRomneyFileGoldmineUnearthed.html iehi-feed-41335 Mon, 09 Jan 2012 06:20:24 GMT Icahn bounces back with banner year http://implode-explode.com/viewnews/2012-01-08_Icahnbouncesbackwithbanneryear.html iehi-feed-40375 Mon, 14 Nov 2011 03:51:35 GMT The Euro Fiasco Suicide Formula (EFSF) http://implode-explode.com/viewnews/2011-11-13_TheEuroFiascoSuicideFormulaEFSF.html iehi-feed-38395 Wed, 17 Aug 2011 13:10:23 GMT Hedge fund group spent $1 million lobbying in 2Q http://implode-explode.com/viewnews/2011-08-17_Hedgefundgroupspent1millionlobbyingin2Q.html iehi-feed-38375 Tue, 16 Aug 2011 23:34:46 GMT BofA in talks to sell investments to Blackstone: report http://implode-explode.com/viewnews/2011-08-16_BofAintalkstosellinvestmentstoBlackstonereport.html iehi-feed-38209 Wed, 10 Aug 2011 23:03:30 GMT Bank of America CEO Discusses [Not] Letting Countrywide Financial Go Bankrupt http://implode-explode.com/viewnews/2011-08-10_BankofAmericaCEODiscussesNotLettingCountrywideFinancialGoBankrup.html iehi-feed-37885 Thu, 28 Jul 2011 21:58:04 GMT States Miss Pension Targets by 50% Even With Private Equity http://implode-explode.com/viewnews/2011-07-28_StatesMissPensionTargetsby50EvenWithPrivateEquity.html iehi-feed-37832 Tue, 26 Jul 2011 22:17:37 GMT Charting David Rosenberg's Thesis: "No Gold Bubble Until $3,000" http://implode-explode.com/viewnews/2011-07-26_ChartingDavidRosenbergsThesisNoGoldBubbleUntil3000.html