punked Posted August 29, 2012 Report Share Posted August 29, 2012 Rolling Stone has a very good story about the Bain Bail out that saved Romney's company. Of course though he built all by himself with no help. Accept for the bail out, and the federal contracts, and the Olympic contracts and so on and so on. In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster – leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds. http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829 Really good article for sure. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted August 29, 2012 Report Share Posted August 29, 2012 That's why he wants to bail out the rich by cutting their taxes. Cuz he hates bailouts so much. Quote Link to comment Share on other sites More sharing options...
WWWTT Posted August 30, 2012 Report Share Posted August 30, 2012 When's the bad news ever going to stop coming in for this Romney character and the republicans in general? I personally believe we are witnessing the beginning of the end for the republican party. If the republicans somehow think that being rich, greedy and power hungry is going to become popular among the voting masses that are helplessly watching their standard of living slip away,man their wrong! All the democrats have to do now is let nature take its course. WWWTT Quote Link to comment Share on other sites More sharing options...
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