On 09/28/2012 04:27 AM, John B. wrote:
On Thu, 27 Sep 2012 18:05:08 -0700, Silly Rabbit wrote:

Plimpy:
On 9/27/2012 5:26 PM, Silly Rabbit wrote:

Romney and Bain Capital.

http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829

Rolling Stone article supported by Romney himself.

http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video

"Bain Capital is an investment partnership which was formed to invest
in startup companies and ongoing companies, then to take an active hand
in managing them and hopefully, five to eight years later, to harvest
them at a significant profit"

Sounds like basic good business sense: buy low, sell high.

Romney's a looter. Rolling Stone's article nailed it.

Since for some reason I can't access the Rolling Stone web site, it
tells me I need to be a member, perhaps you'd like to explain what
Bain did in some detail?

The article is pretty long. I posted a summary in another thread.

Bain didn't necessarily "buy low", they just bought. The target company,
not Bain, was the one who had to pay off the loan that Bain used to take
them over.

And "selling high" wasn't required, because Bain never had to pay back
the money they borrowed, their target company had to. Bain was there to
extract millions in management fees out of withering companies for
years, then get out when the "harvest" was done.