Democratic Base Parks Money with Bain Capital
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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.“
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:”