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Political Factoid

Wall Street Games:
(How the rich get richer)
  1. Run a company into bankruptcy.
     
  2. Do a leverage buyout.
     
  3. Assume its name.
     
  4. Get ready to repeat the process.
Along the way, enjoy all the tax benefits.
 
Examples:
-- K-Mart and Sears
-- McDonnell-Douglas and Boeing
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Last updated * 2012-10-24
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