Thursday, January 12, 2012


The friggin' New York Post reports on some pretty damning stuff regarding the companies purchased by Romney's Bain Capital:
*Bain in 1988 put $5 million down to buy Stage Stores, and in the mid-'90s took it public, collecting $100 million from stock offerings. Stage filed for bankruptcy in 2000.
* Bain in 1992 bought American Pad & Paper (AMPAD), investing $5 million, and collected $100 million from dividends. The business filed for bankruptcy in 2000.
* Bain in 1993 invested $60 million when buying GS Industries, and received $65 million from dividends. GS filed for bankruptcy in 2001.
* Bain in 1997 invested $46 million when buying Details, and made $93 million from stock offerings. The company filed for bankruptcy in 2003.
Four companies, $116 million invested, $358 million returned (average annual return roughly 132%), four subsequent bankruptcies.  Yeah, that's a job creator!  This needs to be in every ad about the economy/jobs created by all of Romney's opponents.  He'll eventually get nominated, but with this stuff floating out there for the next six months, he'll have a lot of 'splainin' to do!

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