The Carlyle Group, Blackstone, KKR ... crocodile tears over poor earnings

The public should show no sorrow at the news that the Blackstone Group, the Carlyle Group, and KKR, to name a few of LBO firms, have had a loss of 90 per cent in profits as 2007 earnings came to light. Who wants to cry for people who leveraged buyouts of companies with huge debt and little money of theirs; then they proceeded to throw people out of work, outsource the work, turn the companies around for a nice ringing profit. Now as the credit markets have dried up the banks are calling in the debt, and these giants of finance haven't a pot to piss in to repay the debt. Let them bear the pain and the hurt the hard working Americans have had to shoulder owing to their bloodsucking policies for personal gain and profit. Let's take Stephen Schwartz the big enchilada of the Blackstone Group. For his 60 birthday he throw an obscene amount of cash for a themed party where everyone dressed up like decadent Romans of a tottering empire. Today the New York Times ran a long piece on his donation of us$100.000 to upgrade the New York Public Library whose showcase of a research library will now have chiseled in marble the name of Schwartzan. What vanity! What a gimcrack Andrew Carnegie is he! If he can pay the New York Public Library us$100.000 so that his name grace a building as though it were a mausoleum, he jolly well can cough the billions he has tucked away to repay his debts. Again it looks as though we taxpayers are going to bail out the corrupt, stupid, bloodsucking super rich. Let them sell off valuable holdings to meet obligations. Were it you or I they'd through us in debtors prison without batting an eyelash. Lock up these soap cleansed hands bandits and throw the key away.