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View Diary: Mitt Romney's Bain Capital took $20 profit for every dollar invested in Ampad. Creditors got $0.002. (109 comments)

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  •  Let me borrow your credit card... (11+ / 0-)

    Romney is really a monster.

    This is the moral equivalent of borrowing other people's credit cards, running up to the limit and walking away with that money.

    The difference between doing that to one or two people and thousands, on a financial scale that is in the millions, is that the petty thief gets caught and goes to jail.  

    The really large scale theft makes the perpetrator fantastically wealthy and able to run for President.  

    He should be in jail, and a textbook case of what not to do for future business school students.

    hope that the idiots who have no constructive and creative solutions but only look to tear down will not win the day.

    by Stuart Heady on Mon May 21, 2012 at 09:54:46 AM PDT

    •  I've been trying to understand... (2+ / 0-)
      Recommended by:
      peregrine kate, tb mare

      why this is not illegal. Is it because the intent (to destroy the company and cheat the creditors) is hard to prove?

      I'm guessing this legislation is just for regular people and doesn't apply to corporations even though they're people too ;-)

      From 2005 NPR article:

      The House of Representatives approves an overhaul of the nation's bankruptcy laws Wednesday, in a vote of 302 to 126. The bill, which passed in the Senate last month, will make it more difficult to get rid of debts by filing for bankruptcy, forcing tens of thousand of people to work out repayment plans instead.
    •  "But it's legal." (0+ / 0-)

      "When and if fascism comes to will not even be called 'fascism'; it will be called, of course, 'Americanism'" --Professor Halford E. Luccock of Yale Divinity School; New York Times article from September 12, 1938, page 15

      by demongo on Mon May 21, 2012 at 10:42:56 AM PDT

      [ Parent ]

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