I fill in information as I go along.
I’m going to take a wild guess and say, that if Bain was using tax-payer money for it’s raiding and pillaging, there’s a very good change that there may also have been someinsider trading, making many congress people mucho grando and indebted to Romney.
Romney might be buying the presidency without having used his own money to do so.
That may be what this is all about. Speculation on my part, but it would a pattern I see as to why Republicans are coming out of the woodwork to support Romney, when they should know better.
from the October 25, 1994 edition of The Boston Globe:
Republican Senate nominee Mitt Romney’s rescue of a business consulting firm was achieved in part by convincing the Federal Deposit Insurance Corp. to forgive roughly $ 10 million of the company’s debts, according to sources close to the deal and federal records obtained by The Boston Globe.
Romney, whose business acumen has been the cornerstone of his campaign, has said saving the Bain & Co. consulting firm from the brink of bankruptcy in 1991 was the accomplishment that most convinced him he had the mettle to be a US senator.
Bain & Co. and the FDIC agreed to the deal after months of intense negotiations. Moreover, bankers say debt forgiveness is relatively routine when a company is at risk of collapse.
But the $ 10 million cost to the FDIC raises the question of whether Romney’s success, as well as the resurrection of Bain & Co., came partially at the expense of the federal agency that protects US bank deposits.
Didn’t think of that. I think you’re right on the money.
I think that might explain exactly why Obama and Co want Romney. Makes sense doesn’t it?
Good job, very astute of you...
But.....!!!!!!!!!!
What will Ann Coulter say about this?????????