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Heard this a.m. Romney's bailout of his Bain partners cost the FDIC, aka, taxpayers, $30 million. [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-05-12 04:35 AM
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Heard this a.m. Romney's bailout of his Bain partners cost the FDIC, aka, taxpayers, $30 million.
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Edited on Wed Sep-05-12 05:06 AM by No Elephants
I bet it was more though, because he bankrupted the Bank of New England by dragging his feet to get a better deal.

And I assert he did that deliberately, knowing he could get a better deal from the FDIC than the officers of a solvent bank would give Bain. So, whatever the full cost of having the FDIC run Bank of New England was, you can blame on Romney.

This DU 2 thread lays it out. It's called "it's not called Romney capital. If you own a business, you did not build that." And it shows how many people helped Romney learn business and then acquire Bain Capital, including the" American taxpayer.

http://www.democraticunderground.com/discuss/duboard.ph...

When I posted the thread, I did not know that one of the main themes of the Republican convention was going be how Romney "built that' with no help from anyone, including Bain or the American taxpayer.

By the way, reading between the lines, it seems to me that Romney screwed Bain and his partners at the parent of Bain capital, too.

I would rather vote for an empty chair than an empty soul.

Refresh | +1 Recommendations Printer Friendly | Permalink | Reply | Top
 
  -Heard this a.m. Romney's bailout of his Bain partners cost the FDIC, aka, taxpayers, $30 million. No Elephants  Sep-05-12 04:35 AM   #0 
  - The American tax payer subsidizes vulture capitalism.  Enthusiast   Sep-05-12 11:02 AM   #1 
     - Good one, enthusiast!  No Elephants   Sep-06-12 12:00 AM   #2 
 

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