Federal Deposit Insurance Corporation bailed out Bain Capital

[rdean]

Franco, RDean and TM, cue the circus music!!!

Top Overall Donors | OpenSecrets

9 Bain Capital $2,756,328 $756,328 72% going to Dems 28% going to Reps

Obama to keep Bain Capital donations - Yahoo! News

President Barack Obama’s campaign won’t return $7,500 donated by two executives at Bain Capital, despite his repeated criticism of former Gov. Mitt Romney’s work at the company.

Glenn Beck Dissects President Obama’s Latest Fact and Lie Regarding Bain Capital | Video | TheBlaze.com

Ironically, despite making Mitt Romney’s former company Bain Capital and other private equity firms the target of its latest attack, the Obama campaign held a near-$36,000 per plate fundraising dinner at the home of Tony James, president of the nation’s largest private equity firm, Blackstone Group.

In August of 2006, just two months after closing the deal to purchase Travelport Ltd., Blackstone Group fired “scores of employees,” who, according to the Wall Street Journal, were “lugging boxes of personal belongings to their cars.” Blackstone laid of 841 employees, or 10% of Travelport’s workforce, and recouped its investment almost immediately.

Wow, I didn't realize that attacking Mitt's terrible record is the same as attacking all of capitalism. Who knew?

 

[rdean]

a $10 million reduction - You seriously don't understand a $10 million reduction IS a "bail out"? Hilarious. And you guys call me dumb. Ya gotta love it.

My God, you are such an amazing dumb fuck, it boggles the mind.

• First, it was BAIN & COMPANY, not BAIN CAPITAL, get the thread title right dickstain.
• Second, Romney renegotiated the debt with the bank. Happens all the time.
• Third, Romney got Bill Bain and the founding partners to give up control of the firm, turning back $30 million they had taken from the ESOP and $100 million in notes they held against the firm

What part of you are a liar and a moron do you not understand?

^^^^^^^^
This. I debunked this exact same shit some time ago when JoeAmpad was bleating on about this BS attack ad Kennedy made. Kennedy was going to Swift Boat Romney before Swift Boating was cool. rdean just assumed that the ad was factual without even contemplating that Democrats might lie for political gain.

Bain & Co. - the consulting company, not Bain Capital - was on the verge of implosion when Romney came in to save the firm. Bain & Co had loans from the Bank of New England. When a company is on the verge of bankruptcy, it often renegotiates its loan to avoid bankruptcy. This happens all the time in corporate America. The Bank of New England was in trouble because it made a whole bunch of bad loans in the New England region before the area when through a real estate bust. It had real estate losses of $6 billion. Not only that, but the Bank was loaning to itself to hide the losses and an executive was caught stealing from the bank. Bain had nothing to do with the Bank of New England's insolvency and bailout, unless you want to be a political whore and argue that the loan restructuring accounting for 0.17% of the bank's real state losses tipped the bank over the edge. But then you'd be a lying whore.

Bank of New England - Wikipedia, the free encyclopedia

Oh wow, Romney "saved the firm". Who knew?

Did he save it the same way he saved the Olympics?

Mitt is simply "AMAZING"!​

[ame=http://www.youtube.com/watch?v=GpfeAIRYYHk]Romney - Several hundred million $ from govt. for Olympics - YouTube[/ame]

 

[Toro]

Oh wow, Romney "saved the firm". Who knew?

Everybody knew.

Well, everybody who aren't partisan hacks looking to score cheap political points.

Be objective.

 

[Lakhota]

 

[Lakhota]

 

[buckeye45_73]

Oh wow, Romney "saved the firm". Who knew?

Everybody knew.

Well, everybody who aren't partisan hacks looking to score cheap political points.

Be objective.

dean be objective? Well only if Obama tells him to. *GULP* *GULP*