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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
thelordofhell
(4,569 posts)Well Shitt Onmey!!
gateley
(62,683 posts)iemitsu
(3,888 posts)isn't that his campaign slogan?
Fridays Child
(23,998 posts)JDPriestly
(57,936 posts)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.
xxqqqzme
(14,887 posts)'May she be forever young'!
JDPriestly
(57,936 posts)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)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.
Firebrand Gary
(5,044 posts)silverweb
(16,402 posts)Maraya1969
(22,482 posts)This is big news!!!!!!!!!!!!!