Romney typical top 1% "Job Creator" [View All]

Mitt Romney is not only a flip-flopper and liar, he got very rich as a corporate raider and job killer. As usual, he is trying to buy the presidency with his wealth.

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Two transactions made by the firm are reported in the article, one with Dade Behring in 1999 and another with KB Toys in 2001. In both cases, Bain Capital’s involvement forced the companies to file for bankruptcy and layoff thousands of workers. Romney was a heavy investor in Bain Capital at the time and remains one to this day.

Romney’s cold-blooded business tactics are documented in an in-depth series on Romney and his life in the Boston Globe. A story investigating Romney's successful business career examined several transactions made by Romney's company, Bain Capital. One of these transactions involved a company called Ampad, which Bain Capital purchased in 1992. After several years of tremendous profits for Romney and his fellow investors, and hardship for the company’s workers, Bain shut down several plants, leaving hundreds of workers without jobs. In the end Bain Capital’s involvement with Ampad forced the company to file for bankruptcy and left over 500 people without jobs.


URL: http://able2know.org/topic/173400-1