What Atrios Says

Apologies to our sole non-U.S. reader for the parochial cultural reference, but something Atrios posted today needs to be memorialized here. I'm just going to reprint it in whole:

Looting For Profit

Buy companies, leverage them, pay yourself a dividend, and then go bankrupt.

I think we've finally found the secret phase 2 of the underpants gnomes.

Phase 1: Collect Underpants
Phase 2: Use underpants as collateral for multibillion dollar loan.
Phase 3: Profit

For those who need some context to catch the cultural reference, I'll save you the search:



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