"Sale–leaseback" is how Red Lobster went bankrupt and Russian oligarchs got rich. It is a standard tactic for extracting value and making someone else foot the bill. Hence the Trump–Musk interest.
the last company I worked for decided to go DEEP into debt buying its laboratory complex back from the holding company that its own previous owner had sold to and leased back from because the terms of the sale/leaseback were nakedly predatory and ruining the company
I love how a SLB in 2014 is id'd as the proximate cause of RL's bankruptcy 10 years and 2 PE owners later.
I get it. We're doing propaganda. So that SLB can be extractive and harmful for companies is the shorthand for plundering we're seeing now. But the comp is really to Yeltsin's Russia.
My concern is once the land is drilled, it is permanently enshittified. Who wants to visit a national park that has a condemned oil field in the middle of it?
Trump knows this, that’s why he’s moving fast to get it done, so there’s nothing left worth doing eminent domain.
Can I ask you a question? Do you think Hitler was going to allow his political opponents an opportunity to primary him in the next election? This question is stupid for multiple reasons because you know that Hitler exterminated his political opponents almost immediately.
PE is raping and pillaging the country. We used to call it asset stripping and that's what it is. Then they end up with all the real estate and the rape starts anew.
Thanks. I was baffled as to why this is happening. I guess there are two major themes in the Trump Admin: 1. Where to aim the wrecking ball, cause we hate so many of you, and 2. How can we monetize the Federal government for our benefit.
Be real funny to watch in this case, though, as Trump sells the properties to would-be oligarchs and the next Democratic administration says "nah" and just nationalizes them (and keeps the money).
Yep. I offered up the Red Lobster comparison yesterday, noting that the difference is that Trump-DOGE aren't even offering all-you-can-eat shrimp, just all-you-can-swallow lies.
#War #Violence #Hate #Censorship are ENEMIES of #Freedom #Karma is #cause & #effect
If you don’t understand the concepts of “Do not kill” “Sanctity of Life” “Compassion” how can we expect #AI models? #Revenge is a construct of humans. https://vocal.media/humans/promote-peace
Comments
Timeshare vs hotels
Etc
The difference (besides Trump being a far less interesting chatacter than Tony) is that we all LIVE in the store.
I get it. We're doing propaganda. So that SLB can be extractive and harmful for companies is the shorthand for plundering we're seeing now. But the comp is really to Yeltsin's Russia.
Trump knows this, that’s why he’s moving fast to get it done, so there’s nothing left worth doing eminent domain.
#War #Violence #Hate #Censorship are ENEMIES of #Freedom #Karma is #cause & #effect
If you don’t understand the concepts of “Do not kill” “Sanctity of Life” “Compassion” how can we expect #AI models? #Revenge is a construct of humans.
https://vocal.media/humans/promote-peace