Right-Wing Attack Group Funder Goes Bankrupt

[CatWoman]

can you say BWAHAHAHAHAHAHAHA?

Sheldon Adelson, a casino billionaire and financial backer of right-wing attack groups, has gone bankrupt:

Las Vegas Sands Corp., billionaire Sheldon Adelson's casino company, fell the most in New York trading since going public after saying it may default on debt and face bankruptcy.

The casino owner, which had $8.8 billion in long-term debt at the end of June, said in a regulatory filing today that it probably won't meet the requirements of loans arranged by Citigroup Inc., Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. unless it cuts spending on developments, boosts earnings at its Las Vegas Strip casinos and raises more capital.

The reversal of fortune is a black eye for the 75-year-old Adelson, who was once America's third-richest man on the strength of his Las Vegas Sands holdings. The Las Vegas-based company's dwindling cash flow is threatening $16 billion worth of developments in Macau, China, and Singapore, where Las Vegas Sands is building resorts to cater to wealthy Asian gamblers.

http://www.huffingtonpost.com/2008/11/07/right-win-smear-funder-go_n_142135.html

[YOY]

1. ...

:nopity:

[BR_Parkway]

2. So he's not one of the people God is going to keep blessing after

we voted for socialism? How cool is that!?!

I sure hope he doesn't need food stamps and housing assistance. I'm pissed at people like this, but still liberal enough that I'd be willing to toss him a pair of boots to pull himself up in......

[Bushfire]

3. His latest project

is a Casino development in Bethlehem PA on a brown field site. He's overextended himself with this, and his Asian properties. His Palazzo resort in Vegas has earned the LEED designation for it's "green" initiatives, but don't fall for staying there DUers if you don't want your tourism dollars diverted to groups like Vets for Freedom.

His bankruptcy is such sweet news, even if he has millions stashed away.

:rofl: :applause: :woohoo:

[Bushfire]

4. I can't believe this thread died

today Catwoman... I was going to post about this if you didn't.

[notadmblnd]

5. I know where he can get a good deal on a cardboard box.

[devilgrrl]

6. Oh dear.... that is just tragic!

:spray:

:nopity:

[alittlelark]

7. HA..HA ( a 'la Simpsons)

The sands are blowing ....

[dmr]

8. Awwww, gee, that's too bad ......

:sarcasm:



I bet the old guy's got millions tucked away for his own selfish use. Damn, if he'd sacrifice his luxurious necessities to pay off them damn banks!

But, hey, I'm cynical. I'm not entirely convinced Ken Lay is really dead.

Edit: bad grammar

[charlie]

9. Yeah BAY-BEE!

I have no words to say how much I love this. I'm so sick of rich fuckholes, the Scaifes, Ahmansons, Olins, Coors, and their kind, squatting in the shadows and bending this country to their perverse whims. I hope the economic storms eat ALL their money.

[sicksicksick_N_tired]

10. If one damned nickel of the bail-out reaches this man, I WANT TO KNOW ABOUT IT!!!

Not one American should tolerate economically oppressive thugs. Each and every one of them are responsible for unnecessary human struggles in this nation,...and the world. They are parasites on the ideal of democracy and should be treated as such.

People have, apparently, not been taught about the basic tenet of democracy: PROTECTION FROM ALL FORMS OF OPPRESSION ---> physical, psychological and economic.

[Lugnut]

11. What a shame.

:nopity:

[magellan]

12. Hate-mongering Sin City casino owner suffers God's wrath

Or -- karma's a bitch.

:rofl:

[chill_wind]

13. Awwww geeeee. "..who was once America's third-richest man.."

Bet his heirs aren't happy about this news..

[gratuitous]

14. Declaring bankruptcy?

Doesn't he believe in taking personal responsibility for the debts he's incurred? I suppose he's going to be looking for some of that sweet, sweet bailout money? Just like the rest of the rugged individualist free marketeers who go running to Uncle Sugar whenever they have a little financial boo-boo? They're all such John Galts, aren't they?

Motherfucker deserves to piss away the end of his life under a bridge, fighting diseased rats for maggoty pieces of moldy bread.