Toddsterpatriot
Diamond Member
tWhats clear from a review of the public record during his management of the private-equity firm Bain Capital from 1985 to 1999 is that Romney was fabulously successful in generating high returns for its investors. He did so, in large part, through heavy use of tax-deductible debt, usually to finance outsized dividends for the firms partners and investors. When some of the investments went bad, workers and creditors felt most of the pain. Romney privatized the gains and socialized the losses.
Romney
That is the name of the game. private sector makes the gambles, pockets the profit and lets the US taxpayers pay off the loss. but then the repubs on USMB, Think it is poor that pay no taxes as the real culprit in the downfall of the US.
That is the name of the game. private sector makes the gambles, pockets the profit and lets the US taxpayers pay off the loss
Yeah, but enough about the Democrats and Fannie and Freddie.