2012-08-30 15:34:03

Romney and Bain's Secret? Greed, Debt and Forcing Others to Foot the Bill

A new article by reporter Matt Taibbi in Rolling Stone sheds new light on the origin of Republican presidential candidate Mitt Romney’s fortune, revealing how Romney’s former firm, Bain Capital, used private equity to raise money to conduct corporate raids. Taibbi writes: "What most voters don’t know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America’s top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth." 

Elections

Related

The Stephanie Miller Show

Today on The Stephanie Miller Show: Rude Pundit

Today on The Stephanie Miller Show: Rude Pundit

The Randi Rhodes' Show

Republican Propaganda Continues

Republican Propaganda Continues

The David Pakman Show

Trump Admits How They'll Try to Steal More Elections

Trump Admits How They'll Try to Steal More Elections

The Thom Hartmann Program

We've Only Seen a Small Part of Trump's Coup

We've Only Seen a Small Part of Trump's Coup

Proud Partners