Aside from the fact that NECN stupidly labels this video as Will gay marriage be an anchor for President Obama?, Marissa DeFranco gave a very disappointing performance on the key issue of vulture capitalism.

It is not, as the Republican said, a matter of some companies fail and some succeed. It is a matter of vulture capitalists like Bain raiding corporate pension funds, retiree health care funds, plundering the company assets, loading up the company in debt, and then walking away with hundreds of millions of dollars in profits. The employees are far worse off after the Bain “rescue” than if Bain had not stepped in and had let the company fail. Whatever profits Bain made were stolen from the employees, the company, and the new creditors that Bain enticed into lending more money. When you borrow money with no intention of repaying it, that is called fraud if little people like us do it to a bank. When wealthy people like Romney and company do it, it is called capitalism at its finest.

There is also nothing wrong with labor unions investing their pension funds in venture capital which funds the creation of new companies. This is a far cry from vulture capitalists that raid corporations of whatever assets they have not withstanding the fact that these companies already have more liabilities than assets. The fact that Bain may have done both kinds of activities does not absolve them from the part of their activities which should be illegal.

How could Marissa DeFranco fail to make this very important point?

I am afraid that the rabble rouser in Marissa DeFranco has lost the battle for dominance with the publicity and fame seeking Marissa DeFranco.

This reminds me of Marissa DeFranco’s former disdain for Democrats who make a very weak case for their own most important issues.

Inspired by a pin on Marissa DeFranco’s web site