The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster – leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.
Races for the Senate, U.S. House, etc. and other issues of national importance.
1 post • Page 1 of 1
http://www.rollingstone.com/politics/ne ... y-20120829
Who is online
Users browsing this forum: Bing [Bot] and 1 guest