Romney’s Bain Yielded Private Gains, Socialized Losses – Bloomberg

Romney’s Bain Yielded Private Gains, Socialized Losses – Bloomberg

According to Bloomberg News: “When some of the [Bain Capital’s] investments went bad [under Romney’s watch (even if you stop your analysis at 1999 as Bloomberg did)], workers & creditors felt most of the pain. Romney privatized the gains [for himself & his partners] and socialized the losses” [meaning that the losses hurt the involved society as a whole].

“What’s less clear is how [Romney’s] skills are relevant to the job of overseeing the U.S. economy, strengthening competitiveness and looking out for the welfare of the general public, especially the middle class.”

http://www.bloomberg.com/news/2012-07-15/romney-s-bain-yielded-private-gains-socialized-losses.html

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