Way back in 1989 the book Barbarians at the Gate: The Fall of RJR Nabisco was released. Remember that one?
It was about the leveraged buyout of RJR Nabisco involving the use of “phony junk bond crap” by corporate raider Henry Kravis.
Unfortunately, the shareholders suffered most as the company choked to death on the enormous debt load.
Ted Forstman (of Forstman Little) coined the phrase, in order to stop raiders like Kravis, “We need to push the barbarians back from the city gates.”
One of the better lines from the book/movie revolved around the lavish spending by the raiding barbarians during the takeover: “They have an unlimited budget and are determined to exceed it.”
Investigative journalists Bryan Burrough and John Helyar dug deep to expose the overwhelming corruption that led to the fall of RJR Nabisco.
Now, 30 years later we see the same things happening with our Government having an unlimited budget. And they’re determined to exceed it.
Our Congress Critters constantly cry about budget ceilings and excessive spending. At the same time, they lobby for more committees to investigate dead-ends like Russiagate.
(Committees and investigations are ways they line their pockets with your money similar to how the Barbarians did with RJR Nabisco).
When are these Congress creeps going to be investigated and exposed?
Maybe I’m going out too far on a limb here, but I believe a day of reckoning is coming soon for the “Den of Thieves” in Washington.
Rumors are circulating about thousands of sealed indictments waiting to be served on politicians, presstitutes, and many Wall Street “Club” members.
If true, it’s gonna be a spectacle to behold.
Keep lots of popcorn handy and get a preview (HERE).
You’ll thank us later.
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