Tuesday, September 4, 2012

In Case You Missed It: Rolling Stone Exposes Mitt Romney's Bailout

Yeah, buddy, I'm not sure you should be smiling.
Image from source, Rolling Stone.
This article should probably be getting a little more attention. . .


The Federal Bailout That Saved Mitt Romney

. . .According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy, campaign aides spun Romney as the wizard behind a "long-shot miracle," bragging that he had "saved bank depositors all over the country $30 million when he saved Bain & Company."
In fact, government documents on the bailout obtained by Rolling Stone show that the legend crafted by Romney is basically a lie. . .

Read more: Rolling Stone

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