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I can't defend most takeover entities- and I'm kind of glad that era of business is largely over. But even the attempted takeover can force a company to reassess it's own viability, efficiency, cash flow etc. Business is a dog eat dog world after all.
But I thought we were arguing about the taxes the CEO of Blackstone (or the wealthier in general) paid...not Bush, Enron or the merits of a particular business.
If we're going to get off track maybe we should argue about that champion of the poor (John Edwards) managing hedge fund concerns? Or his use of the tax regulations to start a non-profit (501 C3 as I recall) enterprise to fund his election activities (I understand that haircut was a deductible expense). Republicans aren't the only ones manipulating tax laws for their own advantage- why all the outrage over Blackstone?
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