Toro
Diamond Member
Again, with taxpayer money!
Yes, the taxpayers got 30 cents on the dollar when they could have received zero. If you want to make the ultra-conservative argument that we should disband the FDIC, feel free. The hard right here would agree with you wholeheartedly. Until that time, understand that hundreds of billions of dollars worth of deposits have been backstopped by the FDIC. If you think the government shouldn't do that, please be intellectually honest enough to say so. Otherwise, its hypocritical to blast Bain for negotiating the best deal it could and pretending that this is a bailout. It is not.
Where is it written that the consultants can't be paid by the principles, out of their own pockets? God forbid that Mitt should have to play/risk with his own money, right?
Again, when I see the Left arguing that employees should give up their compensation voluntarily to pay back loans, I'll give this argument more credence rather than the political hatchet piece that it is.