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This clip
makes it pretty clear as to what
Bain Capital and its CEO were up to throughout
the 1990s and it explains the real source of
Mitt Romney's phenomenal success as an
asset manager. So much of this information
is publicly available, it is shocking that it's
never previously been presented so clearly.
Firstly, Mitt Romney's close relationship
with George Bush Sr. and Dick Cheney are
newsworthy -- and it's also newsworthy that
these close ties have NOT been in the news.
Secondly, the "Bain Game" played by Romney:
when he left the management consulting firm,
Bain & Company in 1989 to form his own
company, of which he was the President, CEO
and the sole stockholder, the name of his new
company was "Bain Capital."
What? He left Bain & Company to form Bain
Capital, a corporation with no legal ties to his
former boss, Bill Bain?
As the President, CEO and sole stockholder of
Bain Capital, Romney could write checks, contracts,
audits -- he could do anything without ever having
to explain anything to anyone about what went on
at that company. He had specifically set up Bain
Capital in such a way that he could operate in
complete secrecy. Why?
On July 19, 2012, the Los Angeles Times reported
that Mitt Romney's super-secret Bain Capital had
managed to pay out the staggeringly unreal
average yearly return of 173% to its investors
-- for over a decade!
Most of the funds which investors put into Bain
Capital were channeled through corporations set
up in Panama, long known to be a haven of
secretive banking -- and of cocaine money
laundering. The State Department officially
refers to Panama as the "Primary repository
and conduit for Colombian and Mexican
narco-trafficking cartels."
Watch this clip and don't let your jaw break
when it hits the floor!
Video
(about 10 mins):
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1 comment:
What are we to do simply dump the current government!!!!
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