Mitt/Bain made millions off 100 year old S.C. steelmaker, now bankrupt

Discussion in 'Politics' started by rdean, Jan 16, 2012.

  1. rdean
    Online

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,201
    Thanks Received:
    6,905
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +15,037
    Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. - the former parent company of Georgetown Steel - under Mitt Romney’s leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy.

    Bain Capital spent $24.5 million to acquire GS Industries in 1993, according to an investment prospectus for the company that was obtained by the Los Angeles Times and reviewed by McClatchy Newspapers. By the end of that decade, Bain Capital estimated its partners had made $58.4 million off its investment in GS Industries, according to the prospectus.

    Bain Capital made millions off S.C. steelmaker as mill morale, finances suffered - BostonHerald.com

    South Carolina Gov. Nikki Haley's low 34% approval rating too high.

    Haley's low approval too high

    When people in South Carolina get to know Mitt, how will they accept him?
     
  2. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    [​IMG]
     
    • Thank You! Thank You! x 1
  3. Matthew
    Online

    Matthew Blue dog all the way!

    Joined:
    Mar 16, 2010
    Messages:
    49,778
    Thanks Received:
    4,615
    Trophy Points:
    1,885
    Location:
    Portland Oregon
    Ratings:
    +15,246
    Well, businesses don't go to something like Bain if aren't already on the edge of going over the edge anyways...Truth be told not all businesses make it. 22 percent didn't.

    This is a part of life. As not all busineses can be saved. Obama has a record of the same, while spending hundreds of billions of our tax dollars.
     
    Last edited: Jan 16, 2012
  4. Lakhota
    Online

    Lakhota Diamond Member

    Joined:
    Jul 14, 2011
    Messages:
    47,767
    Thanks Received:
    4,718
    Trophy Points:
    1,855
    Location:
    Native America
    Ratings:
    +16,084
    [​IMG]
     
  5. Cowman
    Offline

    Cowman Cows Have Liberal Minds

    Joined:
    Nov 6, 2011
    Messages:
    4,713
    Thanks Received:
    552
    Trophy Points:
    155
    Ratings:
    +725
    We know that's why you don't care. That's why you're the rancid brand of conservative you are.
     
  6. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    I don't care about covetous little looters like you and rderp....That's why I mock the shit out of you little drips.
     
  7. theliq
    Offline

    theliq Gold Member

    Joined:
    Jul 12, 2011
    Messages:
    10,321
    Thanks Received:
    3,116
    Trophy Points:
    345
    Location:
    Australia,Mullaloo
    Ratings:
    +4,218
    Oddball is the right name for you...................shitHEAD,I'm the liq I kick shitheads asses :clap2::clap2:tl:lol::lol:
     

Share This Page