Bain Capital Got Bailout Money...

Discussion in 'Economy' started by JoeB131, Dec 27, 2011.

  1. JoeB131
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    JoeB131 Gold Member

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    Yup. Mr. "Business Expert" got a bailout....


    The never-aired “bailout” ad, shared with POLITICO by one of Kennedy’s advisers, remains an unexploded grenade from that race, underscoring Romney’s vulnerability in the first presidential election fought since the 2008 financial meltdown.

    According to former Kennedy advisers, the ad never ran because it turned out to be unnecessary: Kennedy had already broken Romney with a series of ads tying him to layoffs in Indiana.

    “The way the company was rescued was with a federal bailout of $10 million,” the ad says. “The rest of us had to absorb the loss … Romney? He and others made $4 million in this deal. … Mitt Romney: Maybe he’s just against government when it helps working men and women.”

    The facts of the Bain & Co. turnaround are a little more complicated, but a Boston Globe report from 1994 confirms that Bain saw several million dollars in loans forgiven by the FDIC, which had taken over Bain’s failed creditor, the Bank of New England.

    Read more: The Bain of Mitt Romney?s campaign - Alexander Burns - POLITICO.com
     
  2. Mad Scientist
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    Mad Scientist Clipboard Guy! Gold Supporting Member Supporting Member

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    Let's see, which would I choose?:

    Romney who got a bailout or,
    Obama whose entire Administration is run by G.E, JP Morgan and Goldman Sachs.

    Hmm.
     
  3. The Rabbi
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    The Rabbi Gold Member

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    You're an admitted bigot so who cares?
     
  4. Toro
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    Toro Gold Member

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    I'm betting this story is twisted beyond belief. The FDIC often takes a first loss, then guarantees the liabilities so the banks can be sold. It's often cheaper than paying out deposit insurance.

    Of course, in politics, that doesn't necessarily matter.
     
    Last edited: Dec 27, 2011
  5. Truthmatters
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    Truthmatters BANNED

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    I guess they are thinking they are getting Mitt wether they like it or not now
     
  6. JoeB131
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    JoeB131 Gold Member

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    Wouldn't be an issue if your boy Perry hadn't turned into a complete dud...
     
  7. JoeB131
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    JoeB131 Gold Member

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    I think it's more the principle of the matter. Rich guys get bailouts, working folks get pink slips, what color is your parachute?

    Works perfectly well into the narrative that Obama is going to use against Romney, he's a rich guy who made a shitload of money screwing working people like you.
     
  8. The Rabbi
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    The Rabbi Gold Member

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    He has run a less than stellar campaign, true.
    But that doesn't mean youre not a bigot.
     
  9. JoeB131
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    JoeB131 Gold Member

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    No, no, no, guy, he didn't run a "less than stellar campaign". He ran a grossly incompetant, head up his ass so far he could see what he had for lunch campaign.

    And sorry, man, eitehr you think Joseph Smith was talking to God or you think he was a fraud. There is no middle ground.

    I think he was a fraud.

    The End.
     
  10. The Rabbi
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    The Rabbi Gold Member

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    Irrelevant.
    You won't vote for Romney because he's a Mormon. That's the definition of bigotry.
     

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