JoeB131
Diamond Member
Bain lost $100 million on CST, moron. Your claims are blatant lies.
How many would have "made it" if they hadn't been there? We don't know.
What happens when Bain takes over was explained by Planet Money a few weeks ago. Basically they instantly take on more debt to pay themselves back for buying controlling interest and then attempt to rehab the company.
What of course isn't understood or, much less, admitted is that the situation for Bain is always "heads they win, tails they don't lose". I would imagine most venture capitalists worth that way.
If you were to look into the Duncan Donuts balance sheet you would see what Bain Does. I hope they "make it" but their debt looks insurmountable. Maybe not. They did start selling their coffee in super markets which was a good move. This may be a Bain save.
So if Bain lost 100 Million on a company, doesn't that kind of disqualify Romney from being a "genius"?