ChesusRice
Well-Known Member
Here's the hard truth: Romney's turnaround effort at the consulting firm was a fiasco. In fact, Bain & Company was only rescued from the brink of collapse by the federal government. In 1993, the FDIC agreed to wipe away more than $10 million it was owed by Romney's firm because it believed that "the company will fail if the debt is not modified."
For more on the true story behind the government bailout that saved Romney's career, read this piece from the magazine.
View other highlights from the FDIC documents obtained by Rolling Stone here.
Read more: http://www.rollingstone.com/politics/blogs/national-affairs/mitt-romney-is-lying-again-20120830#ixzz2CaerpJAZ
For more on the true story behind the government bailout that saved Romney's career, read this piece from the magazine.
View other highlights from the FDIC documents obtained by Rolling Stone here.
Read more: http://www.rollingstone.com/politics/blogs/national-affairs/mitt-romney-is-lying-again-20120830#ixzz2CaerpJAZ