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To: magritte

I’ve researched the Ampad story myself. They really did borrow themselves to bankruptcy, and they really did pay creditors just pennies on the dollar, and Romney really did siphon off millions upon millions of those borrowed funds as FEES for Bain.

That will not play well on main street, magritte.


301 posted on 01/10/2012 9:19:03 PM PST by xzins (Pray for Our Troops Remaining in Afghanistan, now that Iran Can Focus on Injuring Only Them)
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To: xzins

You might want to relook. A google search mostly pulls up left-wing sources, which essentially parrot the Boston Globe’s “look what Romney did to unions, that’s why you should vote for Kennedy because he’s in the union’s pocket” article.

Ampad was a failing company when Mead dumped it. Bain pumped some money into it, closed a union factory or two, pissing off the AFL-CIO, and eventually the business went public, then bankrupt, like a bazillion other business do.

Romney is a lefty Republican, which is enough to hit him on, but attacks on the free market by conservatives is biting off our noses to spite our face.


304 posted on 01/10/2012 9:28:50 PM PST by magritte
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