Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKrugman: Small-Time Mitt
Small-Time Mitt
So, I was amazed to hear Mitt Romney describing himself as having come through small business, as if his private equity firm were just like a mom-and-pop store or something. But Digby informs us that he made similar claims in his convention speech, making Bain sound like a scrappy little start-up. And its true it had only 10 people at first that, and $37 million, yes, $37 million, in seed money.
Where did that $37 million come from? A large part from foreigners, in many cases investing via Panama-based shell companies. Also, funds from families of Central American oligarchs, who were sitting things out in Miami while death squads sponsored by their class, and in some cases by their relatives, were roaming their home countries.
Hey, doesnt this sound like just your usual small-business success story?
http://krugman.blogs.nytimes.com/2012/10/17/small-time-mitt/
So, I was amazed to hear Mitt Romney describing himself as having come through small business, as if his private equity firm were just like a mom-and-pop store or something. But Digby informs us that he made similar claims in his convention speech, making Bain sound like a scrappy little start-up. And its true it had only 10 people at first that, and $37 million, yes, $37 million, in seed money.
Where did that $37 million come from? A large part from foreigners, in many cases investing via Panama-based shell companies. Also, funds from families of Central American oligarchs, who were sitting things out in Miami while death squads sponsored by their class, and in some cases by their relatives, were roaming their home countries.
Hey, doesnt this sound like just your usual small-business success story?
http://krugman.blogs.nytimes.com/2012/10/17/small-time-mitt/
Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads
http://www.democraticunderground.com/1014187901
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 1089 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (18)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Krugman: Small-Time Mitt (Original Post)
ProSense
Oct 2012
OP
ProSense
(116,464 posts)1. Kick! n/t
jsr
(7,712 posts)2. What a fraud.
porphyrian
(18,530 posts)3. . n/t