Greed and Debt: The True Story of Mitt Romney and Bain Capital

Greed and Debt: The True Story of Mitt Romney and Bain Capital
How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
by: Matt Taibbi
http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-...
Quote from article:

And this is where we get to the hypocrisy at the heart of Mitt Romney. Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth. (MORE)
http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-...

Your rating: None Average: 3 (2 votes)

their Number 1, Obammy money bundler.

Lavine-Dim., was instrumental in the GST Steel Company layoffs that the lying lunatic Leftists, have blamed on Mitt.
Lavine-Dim., was also the lead executive seeing the closing of Ampad, another company closed and blamed on Mitt , by the genetically inbred lying Left !

Mitt, had been gone for 6 years at this point with both of these mothballed Dim companies !

The narrative by the apocryphal author of this lying article does not mind lies as long as his boy gets re-elected.
Lying is never a Sin, to the godless.
After all, heathens run together like bacterial slime sticks together as it oozes down their gullets !

Eventually, driving one to steal articles, paste them, and then post them with the hope of convincing citizens that the economic horrors they witness, are the fault of some one who retired 4 years ago ?!

Consumer confidence PLUNGES in August !
Manufacturing output drops by the SHARPEST DECLINE in August ,in 3 years !
69% of real Americans state that they ARE NOT better off than 4 years ago !
1.5% GDP growth, as anemic as a leukemia patients blood is !
14.4% of homes VACANT in America, another Obummer Historical Record !
Poverty Rate at 15.7 %...it was 15.1% in 2010 ?!

LASER LIKE FOCUS ON JOBS ?!

Obammy, meets with his Jobs Czar, ONCE, in 3.5 years of job killing !

Yes indeed, if like what the D's, have done to Toledo, Detroit, Chicago, St.Louis, New York City, etc., by all means VOTE OBOZO !!!

It will get so much WORSE, you won't fathom the destruction to a once Great Nation !!!

Food stamp usage SKYROCKETS to 46.7 MILLION Americans !
The largest amount in numbers and in percentages in all of American History !!!

New construction spending PLUMMETS to a 12 month low !

Half of American officers in Afghanistan, report very low morale !

THERE ARE BED BUGS at the D.N.C., brought in by D vermin themselves !?

Don't you scummy D's, ever BATH ?!

OBOZISM !!

Median income for real Americans CRASHES $4,500 in 3.5 years of Fascist D and Obammyism ?!

THINGS IN THE PRIVATE SECTOR ARE DOING FINE !!!!!

PASS THAT JOINT CHOOMERS !!!!!

Failure and Debt: The True Story of Barack Obama

There's no doubt that greed and debt were significant factors in the operation of Bain Capital, among other such firms. This is well known. Really it's not a news item at all.

What IS news to the left-leaners is that 4 years of Democrat administration fulfilled the same pillaging operation. We're borrowing 40 cents on each federal dollar spent. Uh, that's DEBT, right? And it just goes to support a massive federal spending machine that pays of armies of cronies, who are largely rich. Uh, that's GREED, right?

If they have a R or a D after their name they are crooks. Why do you think people want to get elected to public office? Its for the power and connections they can make which then leads
to reeling in the money, their true intention. Some nerd on TT keeps asking if your better off now than four years ago. I have to say no I'm not better off, but I'm not worse off either. The end of the Bush's regime saw this country on the brink of another great depression. Obama prevented this and at least stalled it till something could be figured out. What do you think Romney is going to do, fix everything? He is just going to make it easier for the wealthy to get more wealth. Obama is the lesser of two evils. If the Republican party was so sincere about cutting spending and balancing the budget they would support and run Ron Paul against Obama instead of another puppet born with a silver spoon in his mouth.

"The end of the Bush's regime saw this country on the brink of another great depression. Obama prevented this and at least stalled it till something could be figured out."

Face, meet palm. At least you're honest enough to outline your dementia.

You just admitted Obama is engaged in a fraud. A depression must undergo liquidation of bad debt. Delaying liquidation only makes the costs of that liquidation bigger. There is nothing to "figure out" later; there is only LIQUIDATION.

decline, to be a DEPRESSION !

THIS IS INDISPUTABLE !!!

When these tax ,waste , and regulate jobs to death Dims, took $6 TRILLION out of the pool of money that lenders also utilize...all to support enormously losing adventures ( ie. criminal unions, States of D destruction, Fannie & Freddie and foreign banks invested in Fannie & Freddie, green energy boondoggles, etc. )

This Keynesian Waste of precious available money to lend :Ultimately left lenders WITHOUT $ 6 TRILLION to loan to real JOB PRODUCERS, which are BUSINESSES !!!!!!!!!!!!!!!!!

Besides-Fannie and Freddie along with the horrible Law known as the " Community Reinvestment Act ", caused the World's current economic travails.

Ask any European banker invested in Fannie or Freddie !

Democrats want Bain on a platter. They would love to see it go under or be so small that it won't matter to anyone who has a buck to invest. Problem for them is a lot of the middle class that the Democrats love to profess as their protectors probably have their money invested with Bain. Many of them, no doubt, are union members. If Bain goes under or ends up like MF Global, these “little people” will lose their retirement benefits. I guess that's the Democrat way of doing business.To wit:

 Illinois Municipal Retirement Fund ($2.2 million)
 Indiana Public Retirement System ($39.3 million)
 Iowa Public Employees’ Retirement System ($177.1 million)
 The Los Angeles Fire and Police Pension System ($19.5 million)
 Maryland State Retirement and Pension System ($117.5 million)
 Public Employees’ Retirement System of Nevada ($20.3 million)
 State Teachers Retirement System of Ohio ($767.3 million)
 Pennsylvania State Employees’ Retirement System ($231.5 million)
 Employees’ Retirement System of Rhode Island ($25 million)
 San Diego County Employees Retirement Association ($23.5 million)
 Teacher Retirement System of Texas ($122.5 million)
 Tennessee Consolidated Retirement System ($15 million)

toledojim

Why, isn't Jon Corzine-Dim, in Federal Court for embezzlement, or in prison for theft ?!

Oh, he's a lying, criminal , job killing Dim....I get it perfectly !

If he was in Toledo, he'd be Mayor or better yet, a Congressman !

Yes, the average US voter is becoming autistic. They say they want X, but their money says they want Y, and X is diametrically opposite to Y.

Wall Street listens to the money, not what people say.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.