Romney privatized the gains and socialized the losses.
Who says socialism is such a bad thing?
"Mitt Romney touts his business acumen and job-creation record as a key qualification for being the next U.S. president."
"Whats 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."
Romneys Bain Yielded Private Gains, Socialized Losses
Who says socialism is such a bad thing?
"Mitt Romney touts his business acumen and job-creation record as a key qualification for being the next U.S. president."
"Whats 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."
Romneys Bain Yielded Private Gains, Socialized Losses