Posted 10 years ago on Nov. 23, 2011, 4:04 p.m. EST by dberry
This content is user submitted and not an official statement
So what about the companies that the big banks make all their money from? No one ever seems to look at those. Billion dollar deals are getting done all over the place. Here's one: Time Warner Cable is taking over a medium-sized cable/internet company called Insight Communications for $3 BILLION. The deal was announced this summer and will probably close in the next few months. What's crazy is that they are paying their senior management and private equity investors crazy amounts of money for the takeover. The senior management and investors are probably making tens of millions. It's ridiculous! They get away with these deals and no one pays any attention or asks any questions. And how do you think Time Warner is ultimately going to pay for deals like this? By raising cable and internet fees for the regular people who already pay them a ton of money each month so our kids can have internet access to research homework reports and to catch a baseball game that we can't afford to actually attend live. It's SO unfair! So now you and me will get to pay more for Time Warner Cable's already terrible service just so they can pay millions and millions of dollars to acquire other companies and get bigger and bigger, forcing their terrible service on even more people! How is that fair?!? How is it legal?!? It's these big companies that should be occupied. Millions and billions of dollars are just being thrown around like candy to pay people off just to get the deal done. Where is the group that's rallying around that?!? Corporate American Greed at its best.