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fire_guy266

(10 posts)
17. It's good to be Mitt
Sat Apr 7, 2012, 10:37 PM
Apr 2012

He will say whatever the party line is. He has selective memory when it comes to Romney Care. People don't understand how sleazy the leveraged buyout business is. Look at Bain Capital's involvement with the Dunkin Doughnuts IPO. A consortium of leveraged buyout companies bought Dunkin Brands from the family that founded it. They put the cost of borrowing the money to buy the company on the books of Dunkin Brands. When they brought it public, that cost was put on the books of Dunkin Brands. On top of that, they decided to pay themselves a 500 million dollar dividend. The common stock holders got nothing. I bought some shares of Dunkin Brands and got out of it when I realized it was a couple of billion in debt. Some of the companies, that Bain had purchased couldn't handle the debt and went under.

Nothing they did was illegal, but it's a sleazy business with rules that were made by people like Mitt in the top one percent. So you have people working very hard at the Dunkin Doughnut stores for low wages and you have people like Mitt. Bain moves wealthy clients money around in order to game the system. How much of the 500 million did the workers are Dunkin get? Nothing! Mitt is not exactly and entrepreneur. He would have started a company where they produce something that created lot's of jobs, but he decided to go for the easy money. There really should be more regulation of the leveraged buyout business.

Romney inherited his wealth. Enough said. Cleita Apr 2012 #1
This is worth some expansion. Romney was granted an Ivy League education, dimbear Apr 2012 #9
He just got richer through his vulture capitalism model, but he was already Cleita Apr 2012 #12
Agreed 100% except about whether that gold spoon was in his mouth or somewhere else. dimbear Apr 2012 #13
buwahahahah! Cleita Apr 2012 #15
It's good to be Mitt fire_guy266 Apr 2012 #17
What a Teabaggy take on reality. Walk away Apr 2012 #2
This message was self-deleted by its author whathehell Apr 2012 #3
six pack Romney? Rosa Luxemburg Apr 2012 #4
Oh gawd alcibiades_mystery Apr 2012 #5
If you "don't buy that", why the f**k Surya Gayatri Apr 2012 #6
Well then don't go there anymore... Iggo Apr 2012 #7
Welcome to DU. Forget some of the rude replies Ishoutandscream2 Apr 2012 #8
Okay...? Drunken Irishman Apr 2012 #10
having been born in England hardly precludes one from having fought in ww2 dsc Apr 2012 #14
He didn't serve at all... Drunken Irishman Apr 2012 #16
Mitt's also been out of work for the last 6 years ... JoePhilly Apr 2012 #11
No he's not like us fire_guy266 Apr 2012 #18
The greatest fallacy of democracy is that everyone's opinion is worth the same. ProFact Apr 2012 #19
Any honest person knows this quote is complete and utter non-sense... DCBob Apr 2012 #20
haha what i love is how Romney is now the reference point for what "out of touch" is now. Tiggeroshii Apr 2012 #21
What's next, attacking Obama for being more Mormon than Romney? n/t Marsala Apr 2012 #22
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