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This Week In Politics: Monday, March 26, 2018
 

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daddy-o
Joined: 12 Apr 2004
Posts: 3234
Location: Springfield

3/26/18 6:23 AM

This Week In Politics: Monday, March 26, 2018

(The globe is an homage to Jon Stewart's Daily Show where the logo turned from west to east.)

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daddy-o
Joined: 12 Apr 2004
Posts: 3234
Location: Springfield

3/26/18 9:13 AM

Remington Outdoor Brands has filed for bankruptcy.

https://www.reuters.com/article/us-remington-bankruptcy/u-s-gunmaker-remington-files-for-bankruptcy-idUSKBN1H204F

http://fortune.com/2018/02/12/remington-guns-chapter-11-bankruptcy/

http://money.cnn.com/2018/03/25/news/companies/remington-bankruptcy/index.html

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PLee
Joined: 08 Dec 2003
Posts: 3613
Location: Brooklyn, NY

3/26/18 10:58 AM

This is all about a company being bled dry of cash by private equity investors.

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Sparky
Joined: 08 Dec 2003
Posts: 16851
Location: Portland, OR

3/26/18 11:06 AM

"bled dry of cash by private equity investors"

That's how it is done...

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Brian Nystrom
Joined: 26 Jan 2004
Posts: 4188
Location: Nashua, NH

3/26/18 12:51 PM

That actually happened a little while ago

The company is reorganizing and will still be around.

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greglepore
Joined: 10 Jan 2004
Posts: 1634
Location: SE Pa, USA

3/26/18 4:59 PM

Opps, put this in the other thread. Common pretakover debt shed. See Niner. As in the bike company. Remember bikes? Remember Jaypee and Nate?

Shit, I can't remember Friday...

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Sparky
Joined: 08 Dec 2003
Posts: 16851
Location: Portland, OR

3/29/18 10:16 AM

In New York Real Estate Land, Multiple Divorce Land, and Repeated Bankruptcy Land, one can string together a lifetime’s worth of mandatory arbitration clauses, nondisclosure agreements, prenups, and frivolous lawsuits. The only legal system Trump can comprehend...

Intimates the legal political world may be too far outside dumbasse's wheelhouse i guess.

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