The United States is starting to look like Suharto’s Indonesia or Marcos’s Phillipines, where an interconnected network of cronies systematically looted the wealth of the nation for their own benefit, leaving the vast majority of the population impoverished and barely surviving. Ah yes, third world USA… guess we’re heading there quicker than I thought.

-Badtux the Third-world Penguin
.-= last blog ..Cooking =-.

Pretty standard bought-looted-sold deal that results in a much weaken corporation, and much wealthier arbitrage scum.

It’s pretty similar to “house flipping”, only they do it with corporations, and sell the “appliances”.

quite the convoluted family tree, entangled with exxon mobil, and several others, then:

2003
The Blackstone Group, Apollo Management L. P. and Goldman Sachs Capital Partners buy Ondeo Nalco.

2004
Nalco returns to trading on the New York Stock Exchange under its old NLC ticker symbol following an Initial Public Offering on November 11, 2004.

Okay, how about the connections between the new co-chair of the “advisory panel” just appointed, Mr. Reilly, and Nalco, the company that makes Corexit, BP’s dispersant of choice?

Nalco is apparently owned or controlled by the equity firm Blackstone, one of Pete Peterson’s gangs.

funny, i don’t remember hearing that mentioned either.