The Federal Bailout That Saved Mitt Romney

Rain's picture

Rolling Stone
By Tim Dickinson, August 29, 2012 7:00 AM ET

Government documents prove the candidate's mythology is just that

Mitt Romney (JEWEL SAMAD/AFP/GettyImages)
 

Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" – to the American people – for the federal bailout of Bain & Company that made so much of his outsize wealth possible.

According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy, campaign aides spun Romney as the wizard behind a "long-shot miracle," bragging that he had "saved bank depositors all over the country $30 million when he saved Bain & Company."

To read the rest of this story, visit RollingStone.com.

Category: 

Comments

I wish

shelly's picture

I really wish this site would have helped Ron Paul instead of wasting time adding to the publicity of these two corrupt cabal players and yes the truth will be told sooner or laterObama is/was an employee of the Bush's this goes so deep with so many lies and the truth will come out! I cant wait!

Response to Shelly

MomT's picture

If you attended some of the meetings, you would more than likely get the answers to your questions.  Why not plan to join in and find out for yourself?

 

Search for Edward

Guest's picture

Search for Edward Falcone/Wanta/CVKD lawsuit.

C I A #41 G. Bush "Curious George"

It all a demonstration. Love Wins!!!