Skip to main content

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

Comment Preferences

  •  Very good point about Ampad's creditors... (0+ / 0-)

    When Obama saved the car industry, part of the reason for action was that more companies than just GM would go under.

    Here you might have the mirror image. Suppliers whose bill never got paid and maybe went under, clients that had paid in advance, but never got the goods... There could be a pretty big list.

    I think it would even be a pretty effective ad; showing small business owners who (nearly) went under because of these tactics... Goes straight for the people for whom the Republicans say they are working.
    You might even be able to find them at the companies Bain invested in that didn't go under. Also there they will have been put under pressure to accept longer payments periods or pay more upfront themselves etc etc.

    And of course, it should be checked for how much the government has been on the hook to bail out pension funds etc because of their bankruptcies

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site