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To: freespirited
Mitt Romney company profited as steel mill it owned closed, government bailed out pension plan

What’s more, a federal government insurance agency had to pony up $44-million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12-million on its $8-million initial investment and at least $4.5-million in consulting fees.

7 posted on 01/12/2012 1:24:02 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: DJ MacWoW
What’s more, a federal government insurance agency had to pony up $44-million to bail out the company’s underfunded pension plan.

True, but it wasn't taxpayer money as previously reported here.

10 posted on 01/12/2012 1:32:50 PM PST by freespirited
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