That would be funny.<\/p>\n
Tim Dickinson has some pretty amazing investigative reporting<\/a> in which he notes that the origin story for Romney is that he …<\/p>\n … 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 … 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.”<\/p><\/blockquote>\n What really happened was somewhat different.<\/p>\n … Romney’s initial rescue attempt at Bain & Company was actually a disaster \u2013 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 … out of at least $10 million. And … Romney rewarded top executives at Bain with hefty bonuses at the very moment that he was demanding his handout from the feds.<\/p><\/blockquote>\n There is more to it than this, including what may be a bit of inside dealing and some whitewashing. Go have a look.<\/p>\n","protected":false},"excerpt":{"rendered":" That would be funny. Tim Dickinson has some pretty amazing investigative reporting in which he notes that the origin story for Romney is that he … … 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 … Continue reading What If Romney's Bain was Saved by a Federal Bailout?<\/span>