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Keyword: romney4autotakeover

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  • Romney's Former Firm Bain Advised Obama on Auto Bailout

    01/12/2012 8:39:31 PM PST · by TitansAFC · 20 replies
    CNBC ^ | 1-12-2012 | Eamon Javers
    Mitt Romney told CNBC Wednesday that he’s happy to have a debate about private equity alleged role in killing American jobs — because President Obama also forced companies to shed jobs at car dealerships during the auto bailout. So it is somewhat ironic that Romney’s former firm, Bain & Company, was among the private consulting firms that advised the Obama auto bailout team. And what did Bain recommend? Cutting dealerships. Romney’s ties to Bain Capital and its predecessor firm Bain & Company have come under scrutiny in recent days as his GOP rivals accuse him of “vulture capitalism” that made...