Another federal bailout moocher

21 Sep 2012 10:42 #1 by Raees


Government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster – leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.

Read more: http://www.rollingstone.com/politics/ne ... y-20120829

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21 Sep 2012 10:47 #2 by FredHayek
Paid off a lot better than the GM bailout didn't it? Earned it back in taxes pretty quickly even at 15%.

Thomas Sowell: There are no solutions, just trade-offs.

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21 Sep 2012 10:48 #3 by Raees
Except for the $10 million the FDIC got screwed out of.

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21 Sep 2012 10:51 #4 by FredHayek
$10 million? Obama spends that in the time it took me to write this.

Thomas Sowell: There are no solutions, just trade-offs.

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21 Sep 2012 11:12 #5 by LadyJazzer
So, RMoney is still a parasite that screwed the gov't out of $10 million.... Got it... (And the narrative that he "invented himself" is a lie... Got it...) But we already knew that. It's been debunked about six different ways.

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21 Sep 2012 12:25 #6 by bailey bud
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21 Sep 2012 12:31 #7 by LadyJazzer
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