Posted on 01/12/2012 1:09:55 PM PST by freespirited
They know nothing about real entrepreneurship.
So it was not a publicly owned company with shareholders etc., if I understand correctly?
Did you watch King of Bain?
No one is saying Bain got a bailout.
He stripped the companies, loaded them up with loans, walked away with his checks and bonuses.
The company collapsed and tax payers had to pay out for the pensions plans via The federal insurace on the plan. ($44 million dollars of OUR money.)
No one is saying Bain got a bailout.
He stripped the companies, loaded them up with loans, walked away with his checks and bonuses.
The company collapsed and tax payers had to pay out for the pensions plans via The federal insurace on the plan. ($44 million dollars of OUR money.)
OMG.
The only one he really cared about was Mitt Romney. A quarter of a billion... that we know about.
Yes, and just like the FDIC and Fanny and Freddie they have a permanent loss and run a massive deficit that is taken care of by Government back stopping. IE OUR MONEY!
It has long been a game of corporatist like Romney to use OUR MONEY to to feather their own beds. It is easy to make money if you are willing to do any number of unsavory and repugnant things. Ask any drug dealer how profitable it is. The difference being that Bain and Romney simply used existing Bankruptcy and lending laws to over extend companies and bankrupt them after looting all the assets.
Romney is not now and never has been a capitalist. He is a Crony Capitalist and Corporatist.
Oh, I’m sure we’ll get to meet each and every one that was screwed over by Bain and Lehmann Brothers.
But not now (because we’d be anti-capitalists if we ask any questions... so we must be quiet).. wait until Sept. and Oct.
I'm no expert on its operations. You'll have to take it up with PBGC, which says the following on its website:
PBGC receives no funds from general tax revenues
Employers who have defined benefit pension plans for their workers.
I watched the first 12 minutes then couldn't take anymore. Obvious to me that it was a lefty hatchet job.
Bain did 77 deals during Romney's tenure. When someone will only talk about four, you have to suspect cherry-picking of facts. Not to mention that Romney was gone from Bain when the steel company that has been discussed so much went under.
I still believe that the focus should be on his time in office.
Don’t take my word for it, read this:
http://www.nationalreview.com/blogs/print/287927
According to NRO, Romney left Bain two years before that company collapsed.
Romney supporter are ya?
King of Bain was made by Jason Killian Meath who writes for Breitbart and The Daily Caller. He also worked for Romney in 2008.
Bain did 77 deals during Romney's tenure
If you had actually watched the film you'd know that the SEC has docs that say Romney did NOT leave Bain.
But you're certain a right-winger made a liberal hatchet job. Riiiiiight.
General Tax Revenues.................OK! Technically neithjer does fannie or fredie
What matters is accuracy, not affiliation. Last night Bay Buchanan indicated that Romney did not work on two of the four companies in the film. Also read elsewhere that accusations made about KB Toys are off, the problems happened post-Bain.
If you had actually watched the film you'd know that the SEC has docs that say Romney did NOT leave Bain.
I think Romney will have little difficulty establishing that he left Bain to run the Olympics. The claim that he did not leave based on what sounds like a routine SEC filing has been refuted. He still had an interest in the company but no longer worked there.
Romney supporter are ya?
Nooooooooooooooooooooo way. Just don't like hatchet jobs.
I think Romney will have little difficulty establishing that he left Bain to run the Olympics.
He FOUNDED Bain. In 1984 with 2 other men. He wasn't/isn't some hired CEO.
The claim that he did not leave based on what sounds like a routine SEC filing has been refuted. He still had an interest in the company but no longer worked there.
He NEVER "worked" there. He OWNS it.
I searched Edgar which are SEC filings.
(4) According to a Schedule 13G filed on February 14, 2000, the sole general partner of Information Partners Capital Fund, L.P. is Information Partners. The general partners of Information Partners that have a beneficial interest in the shares listed in the table above are David Dominik, a former director of the Company, Mark Nunnelly, Stephen G. Pagliuca, and Bain Capital Partners IV, L.P., whose general
page 5
partner is a corporation wholly-owned by W. Mitt Romney.
Want more links?
The following is an excerpt from a S-1 SEC Filing, filed by NETLIBRARY INC on 8/17/2000.
(o) Includes 527,129 shares held by Bain Capital Fund VI, L.P., whose sole general partner is Bain Capital Partners VI, L.P., whose sole general partner is Bain Capital Investors VI, Inc., a Delaware corporation wholly owned by W. Mitt Romney; 115,138 shares held by BCIP Associates II, a Delaware general partnership of which the managing general partner is Bain Capital, Inc., which is wholly owned by W. Mitt Romney; 16,645 shares held by BCIP Associates II-B, a Delaware general partnership of which the managing general partner is Bain Capital, Inc., which is wholly owned by W. Mitt Romney;
FReepers used to actually do their own research rather than rely on the press and talking heads. Alternative media? Not anymore. Pajamas media? HA!
Four Pinocchios for King of Bain
You can despise him all you want for his time at Bain; I say it's his time in office where you find what really matters.
That's telling.
Have a nice day.
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