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Fearless

(18,421 posts)
Thu Sep 13, 2012, 01:14 AM Sep 2012

In case you missed it: The Bain Bailout





The Federal Bailout That Saved Mitt Romney

By Tim Dickinson
August 29, 2012 7:00 AM ET


Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" – to the American people – for the federal bailout of Bain & Company that made so much of his outsize wealth possible.

According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy, campaign aides spun Romney as the wizard behind a "long-shot miracle," bragging that he had "saved bank depositors all over the country $30 million when he saved Bain & Company."

In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie...

More at link: http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829#ixzz254A9JLia
13 replies = new reply since forum marked as read
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In case you missed it: The Bain Bailout (Original Post) Fearless Sep 2012 OP
Mitt Romey....lying?? thelordofhell Sep 2012 #1
It's discouraging that these facts will never penetrate. gateley Sep 2012 #2
he made it himself. with no help from anyone else. iemitsu Sep 2012 #3
k/r Fridays Child Sep 2012 #4
To digress -- I know a very lovely gentile woman in her 90s who is now reading the Rolling Stone JDPriestly Sep 2012 #5
To the lovely woman xxqqqzme Sep 2012 #6
Thanks. I'll pass the message on. She is much loved. JDPriestly Sep 2012 #12
I live in an 'over 55' xxqqqzme Sep 2012 #13
How is this not the most recommended thread? Holy shit Batman! This is a big deal! Firebrand Gary Sep 2012 #7
K&R silverweb Sep 2012 #8
I just posted this on my FB. Hope others do the same. And send around email. Maraya1969 Sep 2012 #9
+1 Fearless Sep 2012 #11
Big Ass Kick and Rec! progressoid Sep 2012 #10

JDPriestly

(57,936 posts)
5. To digress -- I know a very lovely gentile woman in her 90s who is now reading the Rolling Stone
Thu Sep 13, 2012, 03:08 AM
Sep 2012

because of the Matt Taibbi articles. She loved this article. Just thought in case anyone from the Rolling Stone picks up on this that they might like to know that their reader base has broadened thanks to the series of great articles on money, finance and economics that they have been publishing. Think some might get a kick out of this. Oh, and she shares her copy of the Rolling Stone with her younger friends -- in their 70s and 80s.

JDPriestly

(57,936 posts)
12. Thanks. I'll pass the message on. She is much loved.
Fri Sep 14, 2012, 03:58 AM
Sep 2012

I have noticed that there are a number of very liberal elderly women who seem to be mentally extremely alert, even agile and clear in their thinking.

Maybe it is just a coincidence, but I hear of a lot of conservatives who end up confused and incompetent.

Could be that the brains of liberals age better than those of conservatives? Or maybe just a coincidence. I really don't know.

xxqqqzme

(14,887 posts)
13. I live in an 'over 55'
Fri Sep 14, 2012, 12:38 PM
Sep 2012

complex and I am one of the 'youngsters' here. I have noticed the alert, agile minds of the liberals as well. The same age conservatives are very harsh in their conversations, very quick to condemn. There worlds seem much darker.

Maraya1969

(22,482 posts)
9. I just posted this on my FB. Hope others do the same. And send around email.
Thu Sep 13, 2012, 04:50 AM
Sep 2012

This is big news!!!!!!!!!!!!!

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