Sure, what KKR does is legal - but should it be?

[Evil Yoda]

An example of how Kohlberg Kravis Roberts (KKR) took an enormous sum of money out of a going concern, making it financially unstable, at little risk to itself. Basically, KKR put Dollar General and everyone who works for it at risk to make itself richer. In other words, it is not a generator of wealth, but a parasite. I'm sure KKR isn't the only firm that does this, but they happen to be who did it here.

The question is, should this kind of operation be legal? It seems anti-capitalist to me. And if it shouldn't be legal, how does one stop it?

[zenwalk]

T Boone Rustbelt Pickins is on the line. He says to tell you there's nothing new under the sun.

[REInvestor17]

I read an interesting article in, of all places, Rolling Stone last year about how Goldman Sachs essentially does largely the same thing, although on a much larger and more sophisticated level. Among other underhanded techniques, they've had a hand in creating every major bubble since the Black Friday that kicked off the Great Depression, making a massive amount of money off of building the bubble, and then making money again by betting against the very bubble they've created, once it starts to pop. There's a lot of legal trickery involved, such as creating a show company that forms other show companies and so forth to reduce visibility in their transactions, etc; very shady stuff.
While I'm anti-big government on principle, there are a lot of companies and jobs that are at risk from schemes such as KKR's, and they're ruining a lot of people's lives. Not cool.
Cheers,

_________________
Brian
Legal Forms

[BS21213]

everybody is so greedy. I'm just going to move all my 401k cash into the guaranteed fund. It only gets 3.5% but I'm so sick of reading and hearing about this kind of greedy crap.