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Romney engineered bailout of Bain with crony connections at FDIC

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blackangst1

Lifer
Feb 23, 2005
20,496
724
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The federal records, obtained under the Freedom of Information Act, reveal that Romney's initial rescue attempt at Bain & Company was actually a disaster – leaving the firm so financially strapped that it had "no value as a going concern." Even worse, the federal bailout ultimately engineered by Romney screwed the FDIC – the bank insurance system backed by taxpayers – out of at least $10 million. And in an added insult, Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.
Wow. Good thing no other financial institutions did this pre-bailout!

Reading that story he's got alot on common with Obama. He inherited a financial implosion nothing could fix, therefore not his fault. amirite?
 

Jhhnn

No Lifer
Nov 11, 1999
61,675
13,754
136
Wow. Good thing no other financial institutions did this pre-bailout!

Reading that story he's got alot on common with Obama. He inherited a financial implosion nothing could fix, therefore not his fault. amirite?
Must.... Oh God! Facts! Not facts! Aaiieee! Duh-vert! Duh-vert! Duh-vert!
 
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