Democrats, is it not time we

[napkinz]

8. Romney's Bain made millions as S.C. steelmaker went bankrupt

Romney's Bain made millions as S.C. steelmaker went bankrupt

David Wren McClatchy Newspapers

MYRTLE BEACH, S.C. — Boston-based Bain Capital LLC more than doubled its money on GS Industries Inc. — the former parent company of Georgetown Steel — under Mitt Romney's leadership in the 1990s, even as the steel manufacturer went on to cut more than 1,750 jobs, shuttered a division that had been around for 100 years and eventually sank into bankruptcy.

By the time GS Industries filed for bankruptcy protection, the number of employees worldwide had been cut by more than half.

"It makes me sick," retired Kansas City steelworker Steve Morrow told the Los Angeles Times last month. Morrow told the newspaper that top managers continued to receive bonuses from Bain Capital even as bankruptcy neared, but not other employees.

Read more here: http://www.mcclatchydc.com/2012/01/14/135889/romneys-bain-made-millions-as.html