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Response to kpete (Original post)

Thu Sep 27, 2012, 09:57 AM

5. Bain Capital was founded with the same money that financed death squads in El Salvador

[font color="black" size="4"]Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads[/font]

In 1983, Bill Bain asked Mitt Romney to launch Bain Capital, a private equity offshoot of the successful consulting firm Bain & Company. After some initial reluctance, Romney agreed. The new job came with a stipulation: Romney couldn't raise money from any current clients, Bain said, because if the private equity venture failed, he didn't want it taking the consulting firm down with it.

When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box. Bain executive Harry Strachan suggested that Romney meet with a group of Central American oligarchs who were looking for new investment vehicles as turmoil engulfed their region.

Romney was worried that the oligarchs might be tied to "illegal drug money, right-wing death squads, or left-wing terrorism," Strachan later told a Boston Globe reporter, as quoted in the 2012 book "The Real Romney." But, pressed for capital, Romney pushed his concerns aside and flew to Miami in mid-1984 to meet with the Salvadorans at a local bank.

...

http://www.huffingtonpost.com/2012/08/08/mitt-romney-death-squads-bain_n_1710133.html

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kpete Sep 2012 OP
hifiguy Sep 2012 #1
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valerief Sep 2012 #4
freshwest Sep 2012 #28
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aint_no_life_nowhere Sep 2012 #33
BadgerKid Sep 2012 #43
LineReply Bain Capital was founded with the same money that financed death squads in El Salvador
Major Nikon Sep 2012 #5
kathman-duzi Sep 2012 #18
FailureToCommunicate Sep 2012 #6
littlemissmartypants Sep 2012 #42
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