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Willard romney, Corporate Raider.

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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 02:08 PM
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Willard romney, Corporate Raider.
http://www.democracynow.org/2008/1/17/at_times_romneys_bain_capital_profited

During his campaign, Republican candidate Mitt Romney has preached a message of economic populism by vowing to fight to keep jobs in America. We take a look at Romney’s days heading up the buyout firm Bain Capital with Los Angeles Times reporter, Bob Drogin. He writes, “From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies. In some cases, Romney’s team closed U.S. factories, causing hundreds of layoffs, or pocketed huge fees shortly before companies collapsed.”

more at link
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:04 PM
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1. To the manor born, Lord Mitt's a new Feudalist.
Combine the sense of entitlement with modern technology and offshore tax-havens, and the guy's almost got it made.



The Los Angeles Times recently revealed Romney utilized shell companies and two offshore tax havens in Bermuda and the Cayman Islands to help eligible investors avoid paying US taxes. The tax-friendly jurisdictions helped attract billions of investment dollars to Bain Capital.

Romney, who’s the wealthiest candidate running for president, still retains an investment in the private equity fund set up on Grand Cayman Island. Campaign disclosure forms show the investment paid him more than $1 million last year in dividends, interest and capital gains.



Thanks for the heads-up on a great article and DemocracyNow piece, chimpsrsmarter. Honored to K&R.
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:16 PM
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2. Willard is a real man of the people.
Rich people.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-18-08 03:30 PM
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3. Money taken out of US economy can't be used for jobs or stuff or anything.
Mitt, Bush and their ilk know how to use power to make money and money to gain power.

http://www.globalpolicy.org/nations/sovereign/taxindex.htm

As evinced by their lack of compassion for the poor and less fortunate, they must be the scum of the earth.
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