Skip to comments.Romney benefited from a $10 million federal bailout (Nullifies Romney being a free enterpriser
Posted on 01/12/2012 3:08:20 PM PST by Laissez-faire capitalist
It wasn't really a TARP style bailout - worse - Romney's Bain placed a $10 million dollar liability with the taxpayers. All this while he benefited $4 million dollars directly...
The facts of the Bain & Co. turnaround are a little more complicated, but a Bostin Globe report from 1994 confirms that Bain saw several million dollars in loans forgiven by the FDIC.
Fact remains an FDIC bailout only occurs when the Fed and politicians agree, not to mention the bailoit comes from funds paid by every bank customer who eats highet costs as a result of funds going to Vulture Capitalists who will have a lot of serious questions to answer when they want to be POTUS...
(Excerpt) Read more at redstate.com ...
So, you put more credibility in MSNBC Countdown (wasn’t that Olberman’s old gig) than National Review?
As NR pointed out, the first statement in the article you posted is patently false. Exactly why does the rest of the article have any credibility?
Face it, some of them are too dumb to know the difference even when it's point out, the rest are on the take. We just have to figure out which is which.
I am really glad someone with access to Lexus Nexus got the info on all this.
not a single cent of tax payer money went to bain capital or the mother corporation. You need to be better informed of what happened not the coruptocrat spin.
I was fairly skeptical, but I also have a bach of science(yea science) in economics. The more of the history(real history not coruptocrat rants) I’ve read the more impressed I am with Mitts ability. My cousin almost ran for RI Gov this last time and was a similar fund manager, I bet he knows him well. When I get a chance I’ll ask him. BTW it would seen 100K jobs may be low balled.
HUMMMMM, check this out. Why would he need a taxpayer guarantee?
Don’t you just love all these “experts”
If TSHTF yes we all back the banks, with the massive inflation. By not actually reading about what happened you lose credibility. ? what tax payer funds were used to bail out bain captal. Careful trick question. Next what gov insurance backed bain, and what was mitts role, and how much did mitt get back from the Senior whores.
The only EXPERT I’ve ever believed without question:
In late 1979, during an economic strategy meeting, Ronald Reagan was talking about his upcoming presidential campaign. At one point, somebody expressed concern that John Connally, the former governor of Texas and another presidential candidate, was gaining support among corporate chief executive officers, with all the financial support and credibility that that entailed. Reagan said this didn’t bother him at all. “Let him have the Fortune 500,” he said. “I want our campaign to stand for Main Street, not Wall Street. I want us to stand for the worker, the shopkeeper, the entrepreneur, and the small businessman.” Reagan’s instincts were right on the mark.
Oh good heavens, don’t let Rush or Hannity see that, they’ll attack Reagan as being anti-capitalist.
Good one. Great bumper sticker material!
This is baloney. Here is a brief explanation of what actually happened. Bain and Co was not even Romney’s company. Romney didn’t benefit from this deal- not even five bucks. He helped his former employer fix Bain and co for free.
Once you have informed yourself, please inform others. I don’t blame people for hating Romney when they buy this baloney.