Federal Deposit Insurance Corporation bailed out Bain Capital

Discussion in 'Politics' started by rdean, Jun 1, 2012.

  1. rdean
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    rdean rddean

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    Romney Attack Ad of 1994 - YouTube

    Maybe he's just against government when it helps working men and women.

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    Mitt didn't oppose TARP. But he did oppose saving millions of middle class jobs associated with the auto industry.

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    Special report: Romney's steel skeleton in the Bain closet | Reuters

    Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they'd been promised, and their pension benefits were cut by as much as $400 a month.

    What's more, a federal government insurance agency had to pony up $44 million to bail out the company's underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

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    When you start going through Bain companies, it seems company after company recieved some kind of Government dole. Bailouts, incentives. Who made more? Bain from the Government or the American people from Bain?
     
  2. Moonglow
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    Moonglow Diamond Member

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    gotta love those chum loving sharks with sterling reputations.
     
  3. SniperFire
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    SniperFire Senior Member

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    It will be fun watching Libtard heads explode in November!

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  4. The T
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    The T George S. Patton Party Supporting Member

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    No, Bain Did Not Get a ‘Bailout’

     
  5. SniperFire
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    SniperFire Senior Member

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  6. Moonglow
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    Moonglow Diamond Member

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    no bail-out? Well then what do you call it when you blow someones pension and refuse to pay it back with corporate funds?
     
  7. blastoff
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    blastoff Undocumented Reg. User

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    Bain could turn out to be their bane.
     
  8. rdean
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    rdean rddean

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    In 1991, when Bain was on the brink of bankruptcy, the company was forgiven millions by the FDIC.

    That is the very definition of "bail out".

    I post this info because it's important to understand where Romney is actually coming from. Ignorant right wing turds won't bother to learn anything. They are simply too damaged from the indoctrination.
     
  9. PredFan
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    PredFan Gold Member

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    Another rdean fail thread.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Why is the government guaranteeing private pensions?
     

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