Capitalism? What Bain did wasn't capitalism. It was rape.
Fact: CTS was having problems. Bain bought a majority share.
Fact: Bain forced CTS to take on unsustainable debt, and used those preferred shares to recover their investment, plus a profit.
Fact: Bain sucked money out of the pension fund that was a long term agreement between the employer and employee. We the taxpayer picked up the bill to give those retirees chump change on the dollar.
Was Bain sued for their scheme to defraud the taxpayers?
There was a full thread on this and you missed it...obviously.
I live in K.C. for a while and know something about GST....it was headed for the crapper.
Many people were scratching their heads when Bain came in wondering what Bain was smoking (to even try and get involved).
GTS was doing O.K....but the steel industry took a hit.
Bain got it's money...but nothing like what it was hoping for.
I am sure Bain does not consider GST a success.
Why did they take a controlling share ? Because nobody else wanted the dump.
You bastards are to stupid for words.