The Federal Bailout That Saved Mitt Romney & Cost Taxpayers PlentyQuicklink submitted by Amanda Lang Permalink
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|Mitt Romney's 'rescue' of Bain is a total fabrication: "Federal records, obtained under the FOIA, reveal that Romney's initial rescue attempt at Bain & Co 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. With his selection of Paul Ryan as his running mate, Romney has made fiscal stewardship the centerpiece of his campaign. Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" -- to the American people -- for his own federal bailout...|
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