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Matt Taibbi Reveals How Romney Made His Fortune -- It Ain't Pretty, and He Shouldn't Be Proud of It


US Politics & Gov't  (tags: MItt Romney, usa, obama, Paul Ryan, republicans, elections, dishonesty, americans, government, candidates, media, news, politics, lies )

Cal
- 846 days ago - alternet.org
"Earned" is a very generous way to put it.



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Comments

wolfNoFwdsPls a. (135)
Sunday September 2, 2012, 6:54 am
> "Earned" is a very generous way to put it.
Euphemism of da month, if not year !
===
PECUNIA OLET.
" In a [financially-]rich man's house there is no place to spit but in his face. " -- Diogenes (412-323 BC)
 

wolfNoFwdsPls a. (135)
Sunday September 2, 2012, 7:00 am
Matt Taibbi: The Secret to Mitt Romney’s Fortune? Greed, Debt and Forcing Others to Foot the Bill -- at DemocracyNow!

"Greed and Debt: The True Story of Mitt Romney and Bain Capital." By Matt Taibbi (Rolling Stone)




 

Nancy C. (812)
Sunday September 2, 2012, 5:04 pm
A model for global business and a grand role model...
 

Jennifer C. (169)
Sunday September 2, 2012, 5:07 pm
Thanks.
 

Giana Peranio-Paz (395)
Sunday September 2, 2012, 11:04 pm
What a hipocrit! This man can't be trusted!
 

Past Member (0)
Monday September 3, 2012, 4:06 am
Lets try to put this in language most people can somewhat understand. A leveraged buyout is the corporate equivalent of flipping a house, in which you find a distressed property and take out a mortgage to buy it. Then you fix the place up and sell if for more than you bought it (including the money you put into fixing it up). You pay back the mortgage and keep all of the profit, even though you put up only a down payment. The major question that not answer in how should the management fees Bain Capital charged be accounted for. Secondly, what happens if this was not allowed - would the end result have been the same?
 

Barbara Erdman (63)
Monday September 3, 2012, 6:14 am
Noted and Thanx Cal :-0
 

Carol H. (229)
Monday September 3, 2012, 6:28 am
noted, thank you Cal
 

Kamila A. (141)
Monday September 3, 2012, 6:54 am
In the hypocritical inherited wealth elite world, the ends justify the means. They can't comprehend that they are wrong, and that is why they also continuously subvert the religios teachings, hijacking the Truths, twisting them, turning them upside down.....everything done in order to control the foolish masses (thats the 99%). We were not lucky enough to be born into the stolen wealth of their fathers, so they feel free to despise but harvest our work for their gain. And it is never enough for them. Romney is one of the biggest creeps that runs a business. If Jesus came back today, he would be viewed as a dangerous loser by these GOP soldiers, just like the first time
 

Toby S. (40)
Monday September 3, 2012, 8:40 am
The beginning of American decline was when the financial industry became more powerful than productive industry. The shell game came into play when they told us we would be "information based" as they shipped industry to low wage countries, of which China was the largest, but began in Japan and Asia.

Look at the international corporate profits generated while the US has consistently lost the middle class standard of living. Buy low and sell high in the US has worked quite well, especially given there are no tarriffs. At least for a few...at the expense of the many.

Worse yet, we have lost national security and are rapidly becoming a debtor nation that could never produce machinery like WW II. Even our money system is entirely debt based and carries interest. The Zionist world takeover is about completed and our democratic republic is fading fast. Now they have taken our productive and defensive capacity away...so there is little to stop them now.

Notice the bright eyes of Romney are gone...replaced by dark and uncaring eyes. He knows he is doing great evil and is continuing down the evil, money worshiping path anyway.
 

KEVIN KREISS (2)
Monday September 3, 2012, 8:54 am
RmoneyRyan wRong foR AmeRica
 

Beverly M. (90)
Monday September 3, 2012, 11:51 am
I love Matt Taibbi, my #1 reason for subscribing to Rolling Stone. He tells it like it is with no fear ~ love it!
 

Susanne R. (249)
Monday September 3, 2012, 8:03 pm
I've already heard and read this interview, and it's a good one! Matt Taibbi used to be a frequent guest on Bill Maher's show, but I haven't seen him for quite some time.
 

C L B. (0)
Wednesday September 5, 2012, 11:37 am
Matt Taibbi, the best investigative reporter around! Thanks for posting,this deserves to be widely read, especially by people who are undecided how to vote in November. Character counts.
 
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