Share on Google Plus Share on Twitter 1 Share on Facebook 2 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (4 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   2 comments

Matt Taibbi Reveals How Romney Made His Fortune -- It Ain't Pretty, and He Shouldn't Be Proud of It | Alternet

Quicklink submitted by Mari Eliza     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags

Must Read 1   Supported 1   Valuable 1  
View Ratings | Rate It

opednews.com

new article by reporter Matt Taibbi in Rolling Stone sheds light on the origin of his fortune, revealing how Romney's former firm, Bain Capital, used private equity to raise money to conduct corporate raids. Matt Taibbi writes, quote, "what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time," Taibbi writes. He goes on to say, "In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on [planet] Earth."

Read the rest of the story HERE:

At www.alternet.org

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
We all know it, but, this is one of the best clear... by Mari Eliza on Saturday, Sep 1, 2012 at 3:38:17 AM
    These politicians.... they're a... by Bob Gormley on Sunday, Sep 2, 2012 at 8:37:09 AM