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Archive for September 20th, 2012

Mr Romney’s Host

Marc Leder and friend

The tape that showed Mitt Romney dismissing the 47% of Americans who pay no federal taxes as self-styled “victims” and freeloaders was taken at a private, $50,000 a plate fundraiser at the home of one Marc Leder. The New York Times noted that he is quite a pal for Mr Romney:

Mr. Leder personifies the debates now swirling around this lucrative corner of finance. To his critics, he represents everything that’s wrong with this setup. In recent years, a large number of the companies that Sun Capital has acquired have run into serious trouble, eliminated jobs or both. Since 2008, some 25 of its companies—roughly one of every five it owns—have filed for bankruptcy. Among the losers was Friendly’s, the restaurant chain known for its Jim Dandy sundaes and Fribble shakes. (Sun Capital was accused by a federal agency of pushing Friendly’s into bankruptcy last year to avoid paying pensions to the chain’s employees; Sun disputes that contention.) Another company that sank into bankruptcy was Real Mex, owner of the Chevy’s restaurant chain. In that case, Mr. Leder lost money for his investors not once, but twice.

But Leder does differ from Romney in one significant fashion: how he likes to have a certain sort of fun. In August 2011, the New York Post reported,

It was as if the Playboy Mansion met the East EBond at a wild party at private-equity titan Marc Leder’s Bridgehampton estate, where guests cavorted nude in the pool and performed sex acts, scantily dressed Russians danced on platforms and men twirled lit torches to a booming techno beat. The divorced Sun Capital Partners honcho rented a sprawling beachfront mansion on Surf Side Road for $500,000 for the month of July. Leder’s weekly Friday and Saturday night parties have become the talk of the Hamptons—and he ended them in style last weekend with his wildest bash yet. Russell Simmons and ex-wife Kimora Lee attended a more subdued party thrown by Leder—who’s an event chair for Simmons’ Art For Life charity—on July 29 together. But the revelry hit a frenzied point the next day before midnight when a male guest described as a “chubby white meathead” and a “tanned” female guest stripped and hopped into the pool naked.

I will note that no sex acts took place at the fundraiser…

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While Romney’s comments about  47% of Americans being freeloaders has generated a lot of talk, little has been said of something even more ridiculous that he said about Iran. Here is the video clip:

The ignorance here is stunning; apparently he doesn’t know that a dirty bomb can be constructed with, say, radioactive medical waste. One would not need Iran’s technology. And second, Iran is not likely to commit collective suicide, which sponsoring an attack on the US would initiate.

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The Hobbit Trailer

While I am skeptical about the plans to turn this little story into an epic trilogy, I must admit that the trailer looks pretty good:

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