Romney’s Death Squad Ties: Bain Launched with Millions from Oligarchs Behind Salvadoran Atrocities

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Romney’s Death Squad Ties: Bain Launched with Millions from Oligarchs Behind Salvadoran Atrocities

Republican presidential candidate Mitt Romney is facing new scrutiny over revelations he founded the private equity firm Bain Capital with investments from Central American elites linked to death squads in El Salvador. After initially struggling to find investors, Romney traveled to Miami in 1983 to win pledges of $9 million, 40 percent of Bain’s start-up money. Some investors had extensive ties to the death squads responsible for the vast majority of the tens of thousands of deaths in El Salvador during the 1980s. We’re joined by Huffington Post reporter Ryan Grim, who connects the dots in his latest story, "Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads." "There’s no possible way that anybody in 1984 could check out these families — which was the term that [Romney’s campaign] used — and come away convinced that this money was clean," Grim says. [Includes rush transcript]
Filed under Mitt Romney, El Salvador, Election 2012, Ryan Grim
Guest:

Ryan Grim, Washington, D.C. Bureau Chief for the Huffington Post. His latest story is "Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads."

AMY GOODMAN: We begin today with new scrutiny Republican candidate Mitt Romney is facing about his record at the private equity firm Bain Capital. The latest controversy surrounding Bain concerns how Romney helped found the company with investments from Central American elites linked to death squads in El Salvador. After initially struggling to find investors, Romney traveled to Miami in 1983 to win pledges of $9 million, 40% of Bain’s start up money. Some investors had extensive ties to the death squads responsible for the vast majority of the tens of thousands of deaths in El Salvador beginning during the 1980’s. The investors include the Salaverria family, whose former U.S. Ambassador to El Salvador, Robert White, has previously accused of directly funding the Salvadorian paramilitaries. In his memoir, former Bain executive Harry Strachan writes, "Romney pushed aside his own misgivings about the investors to accept their backing." Strachan writes, "These Latin American friends have loyally rolled over investments in succeeding funds, actively participated in Bain Capital’s May investor meetings and are still today one of the largest investor groups in Bain Capital." For more, we’re joined by Ryan Grim, Bureau Chief for The Huffington Post . He’s connecting the dots in the latest story headlined, "Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads". Ryan, welcome to Democracy Now! If you could carefully laid out the story, and set the stage in El Salvador in the early 1980’s, what was happening there, the carnage.

RYAN GRIM: Sure. In 1980, there was land reform instituted by the El Salvadoran government that started to parcel up some of the farms, some of the coffee plantations, and the other land holdings of the elite, and they also nationalized the international coffee trade, so they did not nationalize the industry, but just the foreign export of it. So, the oligarchs responded with a vicious and a brutal campaign that included death squads and in the first year or two, killed something like 35,000 people. Over a decade, killed about 70,000 people. The U.N. has since calculated about 85% of the killing was done by these right-wing death squads, so this is not one of those dirty wars where both sides were equally culpable. The leader of this movement, Roberto D’Aubuisson was very public about his support of death squads and that death squads were an important part of what they were doing. He would actually say that the purpose of the death squads was ultimately to diminish violence, because if you could go into a village and go into a couple houses and kill everyone in there, then it would send a message to the rest of the village that they shouldn’t join the village, and therefore there would be less of an uprising and the death squads would not have to kill everyone. That was the kind of macabre logic that lasted for slightly more than a decade in El Salvador.

AMY GOODMAN: One of the most well known victims of the death squads of the military of El Salvador is Archbishop Oscar Romero, known as the voice of the voiceless. He was a prominent advocate for the poor, a leading critic of U.S.-backed Salvadoran military government. He was killed by members of a U.S.-backed death squad while delivering mass at a hospital chapel. I want to play an excerpt from the film "Romero," which stars Raúl Juliá who played Archbishop Romero.

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http://www.democracynow.org/2012/8/10/romneys_death_squad_ties_bain_launched