Red Lobster Files For Bankruptcy

The main driver of inflation is usually the Fed. In recent years the tariffs on imports and the shortages caused by the shutdown have been the main factors.

How exactly do you think corporations are responsible for inflation?

 

You have to understand it’s steamtable seafood. It’s a bunch of minimum wage line cooks. Just throwing stuff on a plate. There’s nothing special about red lobster. I’m amazed it lasted this long. And their seafood is all low quality and garbage. A lot of it even comes from China.

 

Hell , everything is a race to the bottom .

 

It's deeper than just not being able to keep up with the internet. My point is that some of these companies are being bought out and milked for the benefit of a few, often at the expense of the taxpayers. It may be legal, but I am not for that. It's sleazy.

 

The easiest question to ask yourself is if you’d run a business the way a private equity firm runs a business that they purchase. I doubt you would. I know I wouldn’t go buy Joe’s Pizza Shack down on the corner and then sell the real estate to one of my other companies and then jack the rent up so that it costs more to operate the pizza joint I just purchased.

 

Private equity is bankrupting American healthcare firms—literally

 

So it's private equity's fault the government decided to buy some votes from a few at the expense of the many?

 

I would it I thought doing so would make a better return than simply running the business the same way the previous owner had done. Remember the previous owner would not have sold if the business had been profitable for them. In most cases selling out was the alternative to bankruptcy.

 

Pay wall. Can't read.

 

The equity firm sold the real estate and wanted nusring homes to rent the property back.

The Pension Benefit Guaranty Corporation wasn't created in the 70's so that one or a few lecherous individuals could come in, bust a huge company out and leave the taxayers holding the bill and then blame it on a law passed by legislators of a bygone era.

I'm more libertarian than most and believe that people should keep their money in credit unions instead of banks, but I don't think that The Federal Deposit Insurance Coorporation was created in the 1930's just to buy votes. And just because FDIC exists it wasn't right for the S & L crooks of the 80' s to be so reckless and enrich themselves knowing that someone else will pick up the tab.