Romney’s Bain Capital Profited Through Offshore Tax Havens, Closing U.S. Factories, Laying Off Workers
During his campaign, Republican candidate Mitt Romney has preached a message of economic populism by vowing to fight to keep jobs in America. We take a look at Romney’s days heading up the buyout firm Bain Capital with Los Angeles Times reporter, Bob Drogin. He writes, “From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other financial strategies. In some cases, Romney’s team closed U.S. factories, causing hundreds of layoffs, or pocketed huge fees shortly before companies collapsed.” [includes rush transcript]
http://www.democracynow.org/2008/1/17/at_times_romneys_bain_capital_profited
