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Keyword: romneyvulterhood

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  • On Mitt Romney's Defense Of Bain Capital And The Private Equity Industry - Here Are Some Facts

    01/10/2012 9:26:42 AM PST · by Zakeet · 124 replies
    Zero Hedge ^ | January 10, 2012 | Tyler Durden
    Lately, Bain founder and GOP presidential candidate Mitt Romney has found himself in a spirited defense of the private equity industry, doing all he can to spin decades of data which confirm, without failure, that PE Leveraged Buy Outs are nothing but "efficiency maximizing" transactions whose only goal is the "maximization" of EBITDA in the pursuit of dividend recap deals, IPOs or outright sales, while loading up the company with untenable amounts of leverage. All this with a 3-5 year investment horizon, which ignores the long-term viability of a company and seeks to streamline (read fire as many as possible)...