Greed And Debt, The True Story Of Mitt Romney And Bain Capital
by bill - 2012-09-03 03:00:00 ( in education, civics, politics) [php version] rebuild (568)
In light of Mitt Romney's resurfacing, a reminder: If you don't read it, it explains vulture capitalism and how Romney is the poster child for that. Basically,Romney borrowed millions (with little of his own money) from others to buy sick companies, such as KB Toys. Then somehow shifted those millions in debt onto the companies, and further looted the companies, driving them into bankruptcy and making millions for himself. Bain is similar to Carlyle Group, another famous vulture capital firm. Good reading.
Read, listen or watch the rest here: rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829#ixzz25DjNA1e3
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