Mitt Romney likes to cite his experience as a businessman as qualifying him to be president.
A new website takes a close look at Romney’s participation in the corporate world—his many years as CEO of the hedge fund Bain Capital. The closer you look, the uglier it gets.
Bottom line: the issue of greed vs. fairness is more than a debate about Romney’s role at Bain. It’s about fundamental American values we all hold—and how Romney’s actions, while running a major corporation, show he does not share our values.
This example from the site:
Bain made $100 million on its $5 million investment in Ampad, even while sending the company into bankruptcy and its 1,500 employees to the unemployment line. Bain Capital made profits no matter what happened with the companies in its portfolio. Nearly one-fourth of the companies Bain invested in during Romney's tenure either went bankrupt, reorganized, or simply shut down—often with significant layoffs.
The site also enables you to share stories about Bain Capital and casino economics. Click here to submit your story.