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Keyword: baincapital

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  • David Brat: The Paul Ryan Puerto Rico Rescue Bill “Turns People Into Subjects”…

    06/10/2016 2:04:44 PM PDT · by dontreadthis · 32 replies
    The Last Refuge ^ | June 10, 2016 | sundance
    Yesterday House Speaker Paul Ryan pushed through a Puerto Rico Rescue bill called PROMESA. The details of the bill are fundamentally challenging to understand in scope, however, the key aspect to remember is the underlying benefactor(s) – Wall Street. While Ryan is severely adverse to PROMESA being called a bailout, that’s exactly what it is – only worse. The plan structurally changes the dynamics of how State debt is repaid, and the considerations for bondholders under the 5th amendment (seizure of private property w/out compensation); which will lead to a guaranteed bondholder bailout. However, beyond the ‘bailout’ aspect there is...
  • Romney’s Bain Capital record shows mixed record on bankruptcies (Romney Bankruptcies Flashback 2011)

    03/03/2016 7:09:15 AM PST · by jimbo123 · 17 replies
    Washington Post ^ | 12/14/2011 | Jia Lynn Yang
    With Newt Gingrich accusing Mitt Romney this week of “bankrupting companies” during his time at Bain Capital, Romney’s wildly lucrative business career continues to draw fire from opponents who seek to paint him as a heartless financier. So did Romney wreck companies as Gingrich says he did? Under Romney’s leadership at Bain, which spanned from 1984 to 1990 and from 1992 to 1999, at least five companies eventually filed for bankruptcy after being acquired by the private equity firm.
  • Teamsters endorses Obama over 'vulture capitalist' Romney

    05/07/2012 12:17:02 PM PDT · by ColdOne · 26 replies
    Politico ^ | 5/7/12 | BYRON TAU
    The International Brotherhood of Teamsters endorsed President Obama Monday, calling his likely Republican opponent Mitt Romney a "vulture capitalist" whose election would amount to a "fox guarding the henhouse." "He represents everything that is wrong with our financial system. He made his money as CEO of Bain Capital by destroying U.S. businesses, sending good-paying American jobs overseas and filling his pockets with millions while putting workers out on the street," Teamsters President Jimmy Hoffa said in a release. The organization's endorsement comes with a promise to put "boots on the ground" in all fifty states. "Working families know who is...
  • Patrick comes full circle on Romney's Bain Capital

    04/21/2015 7:36:04 AM PDT · by luke1825 · 5 replies
    lowell sun ^ | 4/21 | peter lucas
    It came as no real surprise that former Gov. Deval Patrick ended up working for a major investment firm. Patrick all along made no secret that he needed to make some money after he left the governor's office following two four-year terms. The only surprise came when it was announced that the investment firm was Bain Capital, the giant investment company that former Republican Gov. Mitt Romney helped start, and that ended up making Romney a millionaire many times ove -romneys-bain-capital#ixzz3XxFmsJIp
  • Stopping veteran Dem retirements is top priority for Reid, Schumer

    11/25/2012 4:19:59 AM PST · by Libloather · 22 replies
    The Hill ^ | 11/25/12 | Alexander Bolton
    Stopping veteran Dem retirements is top priority for Reid, SchumerBy Alexander Bolton - 11/25/12 06:00 AM ET One of the highest immediate political priorities for Senate Majority Leader Harry Reid (D-Nev.) and Senate Democratic political guru Charles Schumer (N.Y.) is to persuade veteran colleagues not to retire in 2014. Democratic sources identify four senators as most likely to retire: Sens. Jay Rockefeller (D-W.Va.), Tim Johnson (D-S.D.), Frank Lautenberg (D-N.J.) and Tom Harkin (D-Iowa). Another possible veteran retirement is Senate Armed Services Committee Chairman Carl Levin (D-Mich.), who has yet to announce his decision. But Democratic aides expect him to run...
  • Wealthy CEO torments ex-wife (Staples founder’s ex-wife: I’ll be out on the street)

    10/23/2012 9:37:05 PM PDT · by Perdogg · 90 replies
    PurseLog ^ | Sept 3 2006
    Maureen Sullivan Stemberg, ex-wife of Staples founder, sits in her $5,200 a month, 14th-floor, concierge-at-the-door, elegantly furnished Back Bay apartment and tells you she’s broke. She can’t work. She can’t afford a car, her medications, her rent, even the family springer spaniel, J.J., who she just gave away. She produces doctors notes detailing medical woes: possible lupus, bouts of pneumonia requiring hospitalizations, a history of cancer, petit mal seizures, plus recommendations for thrice weekly psychotherapy and psychiatry. She says her insurance won’t cover mental health care. “I’m going to be out on the street,” says Sullivan Stemberg, a tiny, 50-ish...
  • Do Democrats Own The Terms 'Racism" and "Lying"? (Yes They Do)

    10/01/2012 4:44:40 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | October 1, 2012 | Lurita Doan
    Democrats have run a number on Republicans. They have skillfully captured certain words in the American lexicon and redefined them, applying Democrat-themed meanings for the specific purpose of cowing Republicans into silence and submission. I have watched the escalation of this vocabulary abuse for almost a decade, and I am sorry to say, this particular Democrat scheme is working. Republicans seem afraid to speak the unvarnished truth about Democrat party leaders for fear of reprisals in the mainstream media, an organization that has repeatedly proved that it is indisputably in the tank for Barack Obama. What are Republicans afraid to...
  • One reason not to vote for President Barack Obama

    09/09/2012 10:04:54 PM PDT · by Chuckmorse · 17 replies
    Chuck Morse Speaks ^ | September 9, 2012 | Chuck Morse
    Barack Obama has not been a bad president. He deserves credit for saving General Motors and for killing bin Laden as was noted at the Democratic National Convention. But there is one reason why Barack Obama should not be re-elected and that is because of his attack on Mitt Romney for being rich. The tone of this attack by Obama and by his many surrogates and followers is an attack on everything America stands for. Firstly, and from a practical standpoint, Americans should celebrate Mitt Romney's success because it means success for others as Mitt Romney's success contributed to the...
  • Greed, debt and Matt Taibbi: What Rolling Stone got right, and wrong, about Bain Capital

    09/09/2012 3:05:02 PM PDT · by mojito · 2 replies
    CNN/Fortune ^ | 9/4/2012 | Dan Primack
    Very few of my friends understand private equity, let alone care about it. But some of them wrote me this past weekend, after reading Matt Taibbi's new cover story for Rolling Stone about Mitt Romney's time with Bain Capital. [....] Taibbi took out the long knives for this one, which means he sacrificed a bit of accuracy for potency. His overall thesis is correct: There is a fundamental hypocrisy in a former leveraged buyout investor railing against America's ballooning debt. Leveraged buyouts, by definition, add debt to a company's balance sheet -- weighing it down in the short-term so that...
  • Greed and Debt: The True Story of Mitt Romney and Bain Capital

    08/30/2012 7:52:49 AM PDT · by NetLiberty · 30 replies
    Rolling Stone ^ | August 29, 2012 | Matt Taibbi
    The great criticism of Mitt Romney, from both sides of the aisle, has always been that he doesn't stand for anything. He's a flip-flopper, they say, a lightweight, a cardboard opportunist who'll say anything to get elected. The critics couldn't be more wrong. Mitt Romney is no tissue-paper man. He's closer to being a revolutionary, a backward-world version of Che or Trotsky, with tweezed nostrils instead of a beard, a half-Windsor instead of a leather jerkin. His legendary flip-flops aren't the lies of a bumbling opportunist – they're the confident prevarications of a man untroubled by misleading the nonbeliever in...
  • Inside Mitt Romney's Bain Files

    08/23/2012 12:47:00 PM PDT · by mojito · 6 replies
    The Daily Beast ^ | 8/23/2012 | Alex Klein
    Very rich people have very much money in very many places. Currently, that’s the broadest possible takeaway from the 950 pages of confidential documents related to Mitt Romney’s finances obtained and published by Gawker. The files include “internal audits, financial statements, and private investor letters for 21” entities in which the candidate has invested over $10 million—many of them Bain Capital subsidiaries or investment vehicles based in Bermuda or the Cayman Islands. So far, there's nothing on income taxes, nothing incriminating, and nothing that should send either campaign reeling—but there are a couple of strings worth pulling on. Gawker’s John...
  • Jay Leno on Tonight Show Layoffs: 'We've Been Taken Over By Bain Capital'

    08/21/2012 8:03:36 AM PDT · by Sub-Driver · 77 replies
    Jay Leno on Tonight Show Layoffs: 'We've Been Taken Over By Bain Capital' By Noel Sheppard Created 08/21/2012 - 10:18am Jay Leno on Monday addressed the recent announcement that there have been numerous layoffs at NBC's Tonight Show forcing him to take a pay cut to save some of his staff. Feeling the need to take a cheap shot at presumptive Republican presidential nominee Mitt Romney, Leno quipped, “Turns out now we've been taken over by Bain Capital" (video follows with transcript and commentary): Leno began his opening monologue saying, “Welcome to the Tonight Show, or as Comcast calls us,...
  • Obama's Flailing Goal

    08/13/2012 4:21:17 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 13, 2012 | Salena Zito
    Barack Obama does not want this election to be about Barack Obama. If it is a referendum on him, Obama knows that he loses. Instead, he needs to make it a “choice” election between him, the guy who will take the country forward, and Mitt Romney, the businessman who will leave the poor behind. That’s why Obama and his team are waging a brutal character war against Romney. So far, they have suggested Romney committed at least one felony, evaded income taxes for years and single-handedly caused a woman’s death through a layoff ordered by Romney’s venture-capital firm. The blatantly...
  • Obama Super PAC Effectively Accuses Romney of Killing Woman

    08/07/2012 1:39:37 PM PDT · by RealTeen · 20 replies
    JHPolitics.com ^ | 8/7/2012 | Justin Higgins
    If you expected this election cycle to be tame, even for a little while longer, you were wrong. Priorities USA, the pro-Obama Super PAC which has the blessing of the President, is run by close confidantes of the President and is even going to receive fundraising help from Bill Clinton, is now running ad effectively accusing Romney of murder. The claim stems from a man losing his health insurance because a company Romney and Bain Capital tried to save eventually went under. The ad: [Ad at Link] The ad centers around the story of Joe and Ranae Soptic of Kansas...
  • Anyone seen this 'news'item before?

    07/31/2012 7:34:53 AM PDT · by Fedupwithit · 10 replies
    Me | 7/31/2012 | Fedupwithit
    Anyone else ever see this pop-up from the Obama campaign masquerading as news? The item is in the lower part of my screenshot.This guy is an absolute scumbag, and it looks like Google is helping him publish his breaking 'news' stories..
  • Burning Bridges (Oliver North)

    07/26/2012 7:30:07 PM PDT · by jazusamo · 14 replies
    Creators Syndicate ^ | July 27, 2012 | Oliver North
    GEORGETOWN, S.C. — When Alexander the Great died at the age of 32 in 323 B.C., his once unbeatable army began a 2,900-mile withdrawal from India and headed home to Macedonia. As they retreated, the empire they had created collapsed behind them. To prevent pursuit, Alexander's royal cavalry and infantry dealt viciously with all internal dissent, destroyed cities and burned bridges. The Russians employed a similar scorched-earth tactic against Napoleon in 1812, as did the Red Army when Nazi Germany invaded the Soviet Union in 1941. It's a maneuver now being employed both domestically and internationally by Barack Obama. The...
  • ‘Bain’ there, too: Obama supporters also led bad private-equity deals

    07/22/2012 2:49:36 PM PDT · by Free ThinkerNY · 2 replies
    nypost.com ^ | July 22, 2012 | JOSH KOSMAN
    Private equity has been the focal point of this year’s presidential campaign. Democrats and the White House have used Republican Mitt Romney’s past private-equity deals to paint the image that Bain Capital helped destroy companies and put Americans out of work. Still, President Obama is closely aligning himself with supporters who have PE deals in their own closets with less than stellar results for Americans while the investors profited handsomely. Obama National Campaign Co-Chair Federico Pena led a buyout of a rural telephone company that looks very much like the criticized Romney deals, but has received little attention. Obama last...
  • Obama Campaign Bundler Works at Bain, Had Role in Layoffs

    07/19/2012 3:22:42 PM PDT · by justiceseeker93 · 9 replies
    Conservative Daily News.com ^ | July17, 2012 | Warren Beatty (not the liberal actor)
    Oops! Here’s a little something that must have slipped out while David Axelrod and the rest of the President Barack Hussein “kill list” Obama reelection campaign committee weren’t looking. The Obama reelection campaign blamed Mitt Romney for the failure of GST Steel company in 2001. A May, 2012, TV ad focuses on the Bain acquisition of GST Steel, and it shows workers at a shuttered plant blaming Romney and Bain Capital for the closure and job losses. But there are two facts about this situation that the Obama campaign would rather that you not know. First, GST Steel failed in...
  • f Bain Capital Is So Evil Why Did Obama and All These Democrats Take Their Donations?

    07/18/2012 1:19:48 PM PDT · by DannyTN · 7 replies
    "The Lid" ^ | Tuesday, July 17, 2012 | "The Lid"
    If you believe the Democratic Party, Bain Capital is nothing but a bunch of vampire capitalists. They outsource jobs to other countries, close steel mills and take lollypops from little babies. According to Open Secrets, during the present election cycle these Democratic Party candidates took a total of $340,750 from Bain, its lobbyists and employees. Even the Obama re-election campaign took money from Bain Capital. So if the Democrats believe Bain is so evil, why are these candidates taking their money? Note: The Barack Obama contributions are not from open secrets but directly from the FEC here and here. Candidate...
  • Oops! Obama’s Top Bundler Jonathan Lavine Was In Charge of Bain During GST Steel Layoffs

    07/18/2012 8:00:04 AM PDT · by RummyChick · 70 replies
    gateway pundit ^ | 7/18 | jim hoft
    The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999. Posted by Jim Hoft on Wednesday, July 18, 2012, 5:43 AM Obama and top campaign bundler Jonathan Lavine from Bain Capital. The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999. For some reason the Obama camp forgot to mention this… Obama’s top bundler Jonathan Lavine was in...