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.
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So you defend this and expect anyone to take you seriously?
IOW we paid for Mitt and his boys’ yachts.
“FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.”
Underfunded before Bain got involved. Government insurance agency would have to bail out, anyway. Maybe Bain involvement reduced the cost to agency? Do you know?
“Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.”
They are in business to profit from deals. Those fees and returns are consistent with industry norms.
“So you defend this and expect anyone to take you seriously?”
Who do you suggest as the arbiter of consulting, venture capital activities, merger & acquisition activities?
You want an all-powerfull government agency? Answer: There are already TOO MANY of those.
You believe the BS about consulting with quasi-goverment Fannie as a “historian?” Really?
“FEDERAL GOVERNMENT insurance agency had to PONY UP $44 MILLION TO BAIL OUT the company’s underfunded pension plan.”
Underfunded before Bain got involved. Government insurance agency would have to bail out, anyway. Maybe Bain involvement reduced the cost to agency? Do you know?
“Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.”
They are in business to profit from deals. Those fees and returns are consistent with industry norms.
“So you defend this and expect anyone to take you seriously?”
Who do you suggest as the arbiter of consulting, venture capital activities, merger & acquisition activities?
You want an all-powerfull government agency? Answer: There are already TOO MANY of those.
You believe the BS about consulting with quasi-goverment Fannie as a “historian?” Really?