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View Diary: Same BS, different day: Mitt Romney still not admitting he was wrong on Detroit (95 comments)

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  •  Romney understood it was liquidation (1+ / 0-)
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    Egalitare

    the Bain way is liquidaton.  Bain was approached as private capital and declined, a fund like that,  if they thought about it at all seriously, would have been passed by Mitt for an opportunity to invest.  He had to have known there was no private capital.

    But at the firesale of assets,  vultures would have made out, they could have had whole car companies set up in months running old US production lines, etc. in some backwater of the globe paying 25 cents an hour.

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