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Democratic Base Parks Money with Bain Capital

  • Mon, Sep 03, 2012 - 12:18pm

    #56

    Oliveoilguy

    Status Silver Member (Offline)

    Joined: Jun 29 2012

    Posts: 520

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    Democratic Base Parks Money with Bain Capital

Poet wrote:

You know Matt Taibbi for his hard-hitting pieces on Goldman Sachs, the Federal Reserve, mortgage securities fraud, robo-signing fraud, etc.

Here’s Taibbi’s piece on Romney and how Romney made money.

Greed and Debt: The True Story of Mitt Romney and Bain Capital (August 29, 2012)
A man makes a $250 million fortune loading up companies with debt and then extracting million-dollar fees from those same companies, in exchange for the generous service of telling them who needs to be fired in order to finance the debt payments he saddled them with in the first place.
http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829

 

Poet

Poet…Check out this fact based article below

 

“Government-worker pension funds are the chief 

beneficiaries of Bain’s economic stewardship. New

York-based Preqin uses public documents, news 

accounts and Freedom of Information requests to track

private-equity holdings. Since 2000, Preqin 

reports, the following funds have entrusted some $1.56

billion to Bain:”