Skip to comments.Look who parks their cash at Bain
Posted on 09/01/2012 7:57:10 AM PDT by TerriHaute
Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bains other greedy co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts. But Bains private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base including some who scream most loudly for President Obamas re-election. Government-worker pension funds are the chief beneficiaries of Bains economic stewardship. New York-based Preqin uses public documents, news accounts and Freedom of Information requests to track private-equity holdings. Since 2000, Preqin reports, the following funds have entrusted some $1.56 billion to Bain:
(Excerpt) Read more at nypost.com ...
the Heinz Endowments and the Oprah Winfrey Foundation.
Obama’s formula for never failing has been never to do anything-until he became president. As someone said at the RNC convention, don’t be too hard on him; this is, afterall, his first job.
Now Mitt needs to run this in ads.
>>Now Mitt needs to run this in ads.
Right, because investing the “Retirement” fund of local kleptocratic Union thugocracy is clearly within the scope of constitutional mandate. Err. Oh. Wait?
At least it will endear Myth to his Democratic base.
And more of us would have our pensions at places like Bain or similar funds internal to our own pension funds. were it not for the wonderful 401K that has thrown us all the wolves of wall street and “financial planners”
We went from a structured program managed by professionals that had leverage in investments to an every man for himself free for all of brokers, self-managed accounts, and the “help” of a “financial planner” who is was probably selling jewelry last year but got up the moxy to take the SEC test for a broker’s license or a CFP.
Instead of places like Bain that earn nearly double the market rate of return we are eeking out less than inflation for the most part.
Not all of us enjoy stock trading or mutual funds or ETF or whatever the hell is being sold today.
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