Sounds hyperbolic but apparently it's true! According to stories in the LA Times & Boston Globe -- as reported today on HuffPo (http://www.huffingtonpost.com/...) -- Mitt funded Bain about 40% with money from the guys who also funded the Savadoran Death Squads in the mid-80s.
I'm putting this up as a diary because I want the story to fly. I looked at today's "recent diaries" and didn't see it reported on DK. If someone puts up a better one on the same topic I'll gladly take mine down later today, after I get back from getting two root canals and a bunch more done at the dentist...thus the shortness of my writing and commentary over the next few hours.
As they say, "Behind every great fortune lies a great crime." In Mitt's case many crimes. All "legal", of course. This one is new to me, though, and imo inflammatory enough to have legs with the public. I'll copy a few passages below, but the whole thing's a quick read and well worth your time.
Good luck, fellow Romney-busters! (If you share my thinking on this please pass the HuffPo story around the web. Again, my apologies for my lack of real writing or dairy-tending)
In 1983, Bill Bain asked Mitt Romney to launch Bain Capital, a private equity offshoot of the successful consulting firm Bain & Company. After some initial reluctance, Romney agreed. The new job came with a stipulation: Romney couldn't raise money from any current clients, Bain said, because if the private equity venture failed, he didn't want it taking the consulting firm down with it.
When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box. Bain executive Harry Strachan suggested that Romney meet with a group of Central American oligarchs who were looking for new investment vehicles as turmoil engulfed their region.
"I owe a great deal to Americans of Latin American descent," he said at a dinner in Miami in 2007. "When I was starting my business, I came to Miami to find partners that would believe in me and that would finance my enterprise. My partners were Ricardo Poma, Miguel Dueñas, Pancho Soler, Frank Kardonski, and Diego Ribadeneira."
Romney could also have thanked investors from two other wealthy and powerful Central American clans -- the de Sola and Salaverria families, who the Los Angeles Times and Boston Globe have reported were founding investors in Bain Capital.
While they were on the lookout for investments in the United States, members of some of these prominent families -- including the Salaverria, Poma, de Sola and Dueñas clans -- were also at the time financing, either directly or through political parties, death squads in El Salvador. The ruling classes were deploying the death squads to beat back left-wing guerrillas and reformers during El Salvador's civil war.
The death squads committed atrocities on such a mass scale for so small a country that their killing spree sparked international condemnation. From 1979 to 1992, some 75,000 people were killed in the Salvadoran civil war, according to the United Nations. In 1982, two years before Romney began raising money from the oligarchs, El Salvador's independent Human Rights Commission reported that, of the 35,000 civilians killed, "most" died at the hands of death squads. A United Nations truth commission concluded in 1993 that 85 percent of the acts of violence were perpetrated by the right, while the left-wing Farabundo Martí National Liberation Front, which was supported by the Cuban government, was responsible for 5 percent.
Ricardo Poma was the first investor Romney thanked when he traveled to Miami in 2007. The head of the Poma Group, he became one of the three members of the Bain Capital investment committee, according to Strachan's memoir. The Poma family were financiers of D'Aubuisson's ARENA party.And much more in the article.
The Regalado-Dueñas family, like many of El Salvador's other powerful clans, amassed much of their wealth and political power through the coffee industry. Along with the Alvarez family, they also helped to found Banco Comercial, one of the biggest banks in El Salvador.
The Regalado-Dueñas and Alvarez families were leading supporters of ARENA. Arturo Dueñas "regularly supplied" the head of an ARENA-affiliated "paramilitary unit ... with a variety of official Salvadoran documents," according to a redacted 1984 CIA document, which uses the euphemism for death squad. (Salvadoran government documents were used by death squads to assemble lists of people to kill.)