Yes, there was fraud, but there was also slack on the Romney team. He was pushed as this great businessman and yet, his campaign was a disaster. How can we reconcile the two?
From what I understand, Bain Capital didn’t put up their own money with failing businesses. They required companies to take out huge loans to stay afloat and Bain would cut jobs or merge offices within those companies. Bain then got a huge cut from those loans. So, maybe he wasn’t that astute of a businessman after all. This leaves me scratching my head in wonder.