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Look carefully. That’s not a young Treat Williams after hearing from his agent that Spielberg really did cast him in his surefire blockbuster, 1941. No, that’s the current GOP nominee for POTUS, Mitt Romney goofing with a starter pistol circa (we’re guessing here) 1965. From the action, it looks like he may have been the one responsible for getting the Stanford sorority rush season off to its official start that year…and would really rather have been somewhere else. That may (partially) explain why he ended up transferring to BYU to complete his undergrad work. Or not.

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      • “…she would have been swapping spit with the other girl…” You say that like its a bad thing.

        She was young once. And I would have hit that. Hate sex is Great sex. Especially if she brought her friend.

    • “The girl on the left looks like a young Hillary Clinton.”

      I was going to say the same thing about the girl on the right. Or did you mean on Mitt’s left?

      But jwm’s response about “hillery” was so clever, funny, insightful, and original that I’ve got nothing. +1!

  1. And?

    All of us did stupid sh-t when we were younger. Thanks to poor selection of girlfriends in my past, let’s just say I can never run for public office. Ever.

    • If that’s the only price you’ve paid for your poor choices in women, you should count yourself lucky. Lemme tell ya ’bout some of mine….

      Besides, is being kept out of political office really a bad thing?

  2. Hell you can plainly see that that is Hillary and Monica Lewinsky!!!!
    No wonder Bill got some of that!! She looks better for her age than Hillary does!!!
    A lot better.

  3. Definitely not the sharpest crayon in the box.

    I think I am beginning to see a pattern with the old Mittster.

    Oh well. The sad thing is that we could have had the other Mormon candidate. The one with a solid record record as Governor, extensive international foreign policy experience and ….get this…An Actual Functioning Brain.

    Anyone else thinking about voting for Gary Johnson?

    • When you launch a multi-billion dollar business from scratch, pull in $250 MM for yourself, save an Olympic games and get elected as governor…then we’ll talk Steve.

      Simply amazing to me how the public lore machine can turn an accomplished man in to a blubbering doofus in the minds of what should be halfway intelligent citizens.

      • I was no fan of Bush, but his mediocre speaking skills earned him the very unfair label of “stupid” among the liberal set. Inarticulate does not equal “dumb.”

        • I was no fan of Bush either. But for a guy that waas supposed to be dumb he got everything he wanted including 2 terms in the white house.

          Either he wasn’t as dumb as portrayed or his opposition was a bunch of helmet wearing, window licking short bus riders.

      • It’s not just the gaff’s and blunders that are sinking Romney. Its the continual Doublespeak. For and Individual Mandate one year, then against it. For abortion, then against it. For gun control (specifically the AWB), now against it. His arguments against things like the Individual Mandate and Obamacare are a tortured mess.

        You only get so many mulligans.

      • When Mittens does any of that stuff on his own, I’ll be happy to discuss it too.

        He pulled himself up by the same boot straps as Donald Trump (or GW) – the custom leather ones that daddy had made for him. It’s a club and if you have the ‘right’ parents and they can afford to send you to the ‘right’ school with other ‘right’ people, the world is your oyster.

        When you start on third base and the umpires all work for friends of the family, making it to home plate isn’t terribly impressive.

        • This. A thousand times this! Whether you lean left or right, it’s not terribly impressive to say you reached the top of the ladder as a “self-made man” when you only had a couple of rungs left to go.

        • Bullshit. I am in the same business as Bain Capital and your pedigree means squat. People don’t entrust you with their money because you are some dude’s son. In fact, there is a handicap if you’re some bigwig’s son – they instantly assume your stupid. Bain Capital is a juggernaut built on brains and dedication. Yes, Romney got a great education that others didn’t have but millions of us got an education. Making it after that, especially in the PE world, it’s performance performance performance. This 3rd base bullshit is just that. Our world is street kids from Brooklyn cheek by jowl with Harvard-educated scions, because whoever gets it done can play.

        • Bullshit? Sure, there’s analysts who are math whiz-kids that went to Brooklyn College. They’re yankin’ $400K base and a nice bonus. They aren’t running the show.

          Pretty much every hire in the early years of Bain was a Stanford or Harvard graduate. Bain Cap also had some trouble raising the initial money to fund it, in the end most initial cash was from exiled Salvadorans and other very sketch Latin American money via Panama. You’re hired at any senior level position at any firm for who know as much, if not more, that what you know.

          The ‘juggernaut’ monniker is rather appropo. They made some decent VC-style investments like Garner and Staples. In the very early days.

          They then switched gears, becoming one of the drivers of the LBO craze of the early 90s. Buy it with borrowed money, grow it as fast and recklessly as possible, take fat management fees along the way. When there’s no blood left to suck, BK and buh-bye as in Ampad and GST steel.

          Even Cerberus does more quality deals than Bain, and holds them longer. Cerberus hired Dan Quayle for his business acumen too, right? He’s no idiot, he passed his bar, but his business experience? Coming from a wealthy newspaper family and have political connections from some job. What was it, VP of the US?

    • George Romney is one of those classic industrialists who helped built this country. Not so his son Mitt, who makes 0bama look like a paragon of virtue by comparison…

      Greed and Debt: The True Story of Mitt Romney and Bain Capital
      How The GOP Presidential Candidate And His Private Equity Firm Staged An Epic Wealth Grab, Destroyed Jobs – And Stuck Others With The Bill
      by Matt Taibbi
      August 29, 2012 7:00 AM ET

      And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a “turnaround specialist,” a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.

      By making debt the centerpiece of his campaign, Romney was making a calculated bluff of historic dimensions – placing a massive all-in bet on the rank incompetence of the American press corps. The result has been a brilliant comedy: A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place.

      • Scream it as loud as you want, the sycophants never hear the truth, and if they do, they can’t fathom it.

        I’ve been sowing this seed since it started in earnest in the 80s with all the LBO’s and cap mgmt firms. The real victims of all this hustle willingly swallow the illusion that somehow this is “good” and part of the capitalist process.

        You really wanna watch heads explode? Try to explain that concentration of wealth kills economies and so does having a never ending negative trade balance – like we’ve had for the last 37 years. Even sadder is that Warren Buffet himself will tell the same tale and few want to listen to him.

  4. Let’s try and find a shot of Obama climbing out of a smoky van with his Choom crew back in Hawaii, just like Fast Times at Ridgemont High.

  5. Gonna go out on a limb here and say that having witnessed sorority recruitment, and suffered through it twice a year when the lady friend has to deal with it, it is close to bad enough to make one consider a .45 caliber lobotomy

  6. You don’t see what really happened here. The conservative college kid wants to kill himself because the two girls have agreed to a threesome. they shake, he sees he has to go through with it, so as any good god fearing (?) gotta put an end to this sinning lifestyle, it is after all not one man one woman like god said it should be……….hey wait a minute………ain’t he still alive?……………guess sinning don’t send ya to the bowels of hell after all………

    • Pantera, I’m afraid you don’t know exactly who the Romneys are…

      Mittens’ dad was born in Mexico at a Mormon enclave which his relatives still inhabit to this very day. More importantly, the whole reason they went down there in the first place was because the US Government cracked down on Mormon plural marriage in the Utah territory.

      Maybe he was just nervous about his first three-way. Or there maybe there was no way he was gonna take off the magic underoos for either one of those chicks.

  7. 16V
    I’m replying down here b/c I don’t see a reply link up above.

    Anyway, you don’t know what you are talking about. Dan Quayle did not found a PE firm. He was hired in 2000 to be a rolodex guy. Romney started Bain in 1984.

    Second, the Lever Up and Suck Dry PE model started in the 2000s due to low rates and competition in the PE field. Romney was long gone from Bain by then.

    Finally, Cerberus was founded by Steve Feinberg, from Bronx, NY, the son of a steel salesman.

    • Don, Didn’t say Quayle founded it, said he was hired in. – Chairman of Global Investments. This was merely to illustrate the top shelf is not exactly a meritocracy.

      Bain Cap started as a group led by Bill Bain as an offshoot of Bain & Co. Romney was picked as the pres by Bain, but he was hardly some maverick founder. Or even the guy who came up with the idea.

      BTW- Bain & Co was so tremendously successful and brilliantly managed it eventually went into BK losing $38MM and collapsing a bank in the process in the early 90s. Oh, and Romney got a fat management fee to briefly return to Bain & Co during the BK proceedings.

      I know quite well who founded Cerberus. My point was that they do more and far better deals than Bain. Look up their portfolio.

      As far as pump and dump, you apparently missed the 90s. The execution was slightly different than the 00s run, but the game was the basically the same – LBO, fat consult fees. The difference in the 00s was that you got to jack the stock price way more than in the 90s.

      • Bain vs Cerberus?

        Cerberus bought Chysler for $7.4 Bil and had to walk away.
        Cerberus bought GMAC also for $7.4. GMAC eventually had to take over $16 Bil from taxpayer funded tarp, and is still “troubled”.
        I guess the moral is that there is some risk in high risk ventures.

        • Ando, Very true.

          If you look it up, Bain Cap has made almost every penny on only about 10 deals out of 40 total that they’ve done. The rest break-even or lose.

          Cerberus screwed the pooch with GMAC and Chrysler, which we beat to death as it was happening back in the day over at TTAC. Regardless of that massive trainwreck, I would offer Cerberus has a much more diverse and interesting portfolio.

        • …so when the flaw in your argument is pointed out, you try to change the subject to the aesthetic appeal of their portfolio?

          Nope. Not buying it.

        • Huh? Flaw in what ‘argument’? I made a point that the angry puppy was did more (they do look it up) and a better quality of deal (they actually are a bit more long-term oriented as Bain Cap was initially), which I find more appealing.

          I didn’t say they were larger than Bain Cap, had a higher cumulative IQ, or even wore nicer shoes.

          Bain Cap is doing well at the moment. They have some current successes on the books – as well as some massive failures. Currently the ups are ahead of the downs. But in the world of big boy cap mgmt that can all change rather quickly and some deal can bite them for $10B+ just like Cerberus. Nature of the game.


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