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Tucker Carlson’s Critique Of Paul Singer
Is Part Of The Reckoning Underway
In America

Original Article

Posted By: earlybird, 12/7/2019 6:46:22 PM

Tucker Carlson is perhaps the only major media figure in America willing to attack across party lines to make his point. On Tuesday night he went after Republican mega-donor Paul Singer in a withering 10-minute special segment on how Singer destroyed a small town in Nebraska in a hostile takeover of the sporting goods retailer Cabela’s. (Snip) Singer is a New York hedge fund manager who has made billions as a so-called “vulture capitalist,” buying up the sovereign debt of financially distressed countries at a discount and then cashing in later, using lawsuits to pressure governments to pay up. He’s done something similar with U.S. firms—buying up debt, shipping jobs

Comments:

He was the first, via his Washington Free Beacon, to finance the anti-Trump Steele dossier… He was a Rubio supporter.

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Reply 1 - Posted by: MFM 12/7/2019 7:03:36 PM (No. 255910)
Romney, Singer, two despicable human beings..
12 people like this.

Reply 2 - Posted by: bighambone 12/7/2019 7:08:34 PM (No. 255913)
Those Eastern billionaires are certainly nasty to the rest of the country, in that respect Donald Trump has shown through his actions that he is an outlier who stands up for American workers and puts America First. Hopefully there will be enough smart Americans to re-elect Trump and keep the corrupt money grabbers out of the White House for four more years.
12 people like this.

Reply 3 - Posted by: MissMann 12/7/2019 7:16:17 PM (No. 255918)
It is a sad story, but what should have been done differently? Ban Bass from buying Cabela's? Ban Singer from selling his stock? Make a law to require Bass not fire now redundant Cabela's employees? What the government can do is get out of the way of people who want to buy up the resources in Sidney and build a new business. I remember a 60 minutes story many years ago that found that all the red tape and regulations and taxes were what was really keeping India from prospering. But India and gone a long way to fixing their problem, while America has taken on that problem--and apparently thinks more government is the fix to areas that are moribund. The answer to almost every question of this type is: Less Government.
12 people like this.

Reply 4 - Posted by: starboard 12/7/2019 7:29:39 PM (No. 255928)
Tucker is the best of the best. I love how he presents interesting guests and is not afraid to counter them when they are wrong and by the same token, compliments them when he agrees with their points. I also enjoy his sense of humor.
19 people like this.

Reply 5 - Posted by: davew 12/7/2019 9:22:57 PM (No. 255971)
But Singer’s firm took an ownership stake in the company in 2015, when the Cabela’s was making nearly $2 billion in annual profits, and pressured the board to sell. This breakdown in control is where the problem occurred. Cabela's employees were just a "means of production" but were not "stakeholders" in the fate of the company. The employees were vulnerable because the didn't have an equity stake in the company with sufficient voting rights to offset the greed of the owners on the board. Employees at small cap companies like Cabela's can learn from this mistake and demand their companies provide equity participation rights and permanent board seats to employee reps. If the can't or won't agree, find another place to work as soon as possible. If you aren't at the table you shouldn't risk betting on those that are.
5 people like this.

Reply 6 - Posted by: Wendybird 12/7/2019 9:38:31 PM (No. 255977)
The one thing these people live for, apparently, is to make more money. Power over others is, as we see in politics, not existent. They can’t buy more time to enjoy the wonderful things that money falsely promises, but doesn’t deliver. More often the reverse. So, as Nancy says, say a prayer for them. It will help a least as much as the money or “power”.
2 people like this.

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