Mitt Romney Benefited From Government Bailout:
If you happen to see Mitt Romney talking about his time at Bain Capital, keep this in mind: The government helped him build that.
One of those creditors was the FDIC, which had taken over a bank that loaned money to Bain. The FDIC ended up collecting about $14 million of the $30 million Bain owed it, according to the magazine. Taxpayers didn't foot the bill for this, FDIC banks did, but RS points out that those costs were in turn probably absorbed by bank customers in the form of higher fees.
Mitt Romney Benefited From Government Bailout: Report
If you happen to see Mitt Romney talking about his time at Bain Capital, keep this in mind: The government helped him build that.
One of those creditors was the FDIC, which had taken over a bank that loaned money to Bain. The FDIC ended up collecting about $14 million of the $30 million Bain owed it, according to the magazine. Taxpayers didn't foot the bill for this, FDIC banks did, but RS points out that those costs were in turn probably absorbed by bank customers in the form of higher fees.
Mitt Romney Benefited From Government Bailout: Report