General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsB.S. - The Toys R Us demise - Bloomberg's obfuscation.
Yesterday, Bloomberg opined on the rise and fall of Toys R Us, with a haughty attempt of imprimatur, via the story titled .....
Tears R Us: The Worlds Biggest Toy Store Didnt Have to Die
Bloomberg got one thing right - Toys R Us didn't have to give up the ghost - but not because of the babbling, bull-crap, obfuscating that the haughtier of Bloomberg tries to make U.S. swallow.
It's all bullchit!
Romney's racketeering partnership with Goldman Sachs & Thomas Lee gangsters are the real reasons Toys R Us took a nose dive into the abyss; and Mitt is the real reason why the re-initial public offering - failed - in 2013.
This pic, above, paints far more than 1000 words.
Romney & Goldman Sachs have been partners, for at least, 20 years.
Back in 1997, Goldman Sachs aided Mitt, Bain Capital& Thomas Lee Partners to be involved with "The Learning Company; which merged with Mattel, in 1999.
Resultant of (cooked books) fraud, the Learning merger with Mattel was catastrophic; and it resulted in an instant $4 Billion dollar loss.
While many ain stream.reported on "one of the worse corporate mergers of all time" - the only outfit that reported the real dealings - is Activist Post reporter Aaron Kesel with his article
How Goldman Sachs And Bain Capital Defrauded Mattel Investors And Got Off Scot-Free How Goldman Sachs And Bain Capital Defrauded Mattel Investors And Got Off Scot-Free
The real story is that Mitt's contingency gained 12 million shares of Mattel's stock; and a crime spree devouring the toys industry (including eToys & Kay Bee) was launched in the quest to acquire Toys R Us.
Another part of the story is the MNAT.com law firm involved in the Mattel, Kay Bee, Fingerhut and eToys fraud - includes a key person - by the name of Colm F. Connolly (who Trump has renominated to become a Federal judge, in Delaware).Link to tweet
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You may notice that there's a pic of Jay Clayton above Morris Nichols (MNAT) partner Colm Connolly; which is due to the fact that Jay's law firm of Sullivan & Cromwell is also a party in the crimes against eToys & Mattel (and so is Jay Clayton).
Colm Connolly was a corrupt Federal prosecutor
Trump has "re"nominated Colm Connolly for the Delaware Federal bench.
We say "re"nominated; because (then Senator) Joe Biden was persuaded, back in 2008, to block Colm Connolly's nomination (see Activist Post article, by Aaron Kessel "Trump nominates racketeer for federal bench" https://www.activistpost.com/2018/01/trump-nominates-racketeer-for-federal-bench.html )
Connolly is one of Romney's "retroactive" secrets
Some of you may remember that Mitt Romney lied about when he left Bain Capital; which his campaign manager tried to evade by claiming Mitt was "retroactively" retired, as of August 2001 - back to February 11, 1999.
It was during that span of time that Mitt/ Bain Capital was involved in $5 Billion dollars of fraud and federal corruption, concerning MNAT, Mattel/ Learning, Stanford, Paul Traub, Fingerhut, Kay Bee and eToys frauds and Ponzi schemes.
From 1992 until 1999, Colm Connolly was the Assistant United States Attorney, in Delaware; and then Colm Connolly became a partner of the MNAT law firm (see Colm's DOJ resume https://www.justice.gov/archive/olp/colmconnollyresume.htm )
Once I blew the whistle (as head executive) on a million dollar bribe offer, in eToys federal case - then Colm Connolly returned ("revolved door" back to the Delaware Dept. Of Justice - (this time as The Top Fog Federal prosecutor United States Attorney).
Connolly never disclosed his direct connection to MNAT, for the etire 7 years we were asking Colm's office to prosecute MNAT.
This is why Jay Clayton was picked to be head of the SEC.
It's also why Colm Connolly has been "re" nominated to become a Delaware District Federal Court Justice.
The conflict of interests crimes are extensively heinous & egregious; because people are - DEAD!
Toys R Us failed IPO - The real facts
Bloomberg's B.S. is on multiple levels, including the remarks about Bain Capital taking Toys R Us public.
Outside of the fact that main stream media has been too chickenshit to tell any of the Bain Capital/ Goldman Sachs fraud stories - the real facts are - we keep pointing out Goldman Sachs stock fraud schemes.
Back in 2013 is when Bain Capital cancelled the Toys R Us "IPO" ; and it was simply due to the true evidences getting light of day.
Just before Bain Capital ended the Toys R Us public offering, the NY Times reported on Goldman Sachs defrauding our eToys public company.Link to tweet
.Toys R Us owns Kay Bee & eToys
Both Kay Bee and eToys were in bankruptcy, multiple times; but they kept winding back at Bain Capital - this time under Toys R Us.
It is easy to get rich - quicker than most - when you can do racketeering, without any worry of being prosecuted (because the United States Attorney is owned by the rackets).
Thousands of people have lost billions; and witnesses are dead; which would have been prevented - had Colm Connolly - done his dam job.
brush
(53,791 posts)stripping the assets of the company, aided by Goldman Sachs.
Repugs all. Crooks like trump but much slicker.
laserhaas
(7,805 posts)20 years gone by, with thousands losing billions and people are dead - untimely (including a brother of Minnesota Assistant U.S. Attorney) - and there's no federal investigation.
Instead, FBI Agents are threatening me with lifetime incarceration - unless I "back off" and take down certain websites that names the culpable parties.