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View Diary: Newt Gingrich and his Super PAC go after Mitt Romney's Bain record (119 comments)

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  •  The Wall Street Journal Has A Story. (3+ / 0-)
    Recommended by:
    Terminus, mdmslle, Matt Z

    If you haven't seen this check out this WSJ story:

    "Romney at Bain: Big Gains, Some Busts"

    Amid anecdotal evidence on both sides, the full record has largely escaped a close look, because so many transactions are involved. The Wall Street Journal, aiming for a comprehensive assessment, examined 77 businesses Bain invested in while Mr. Romney led the firm from its 1984 start until early 1999, to see how they fared during Bain's involvement and shortly afterward.

    Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost.

    Another finding was that Bain produced stellar returns for its investors—yet the bulk of these came from just a small number of its investments. Ten deals produced more than 70% of the dollar gains.

    It will be very interesting when all those compinies are listed.  This is the begining of the rest of the story...

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