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The Secret Bailout That Saved Romney
Rolling Stone Magazine, by Tim Dickinson

Original Article

Posted By:rinohunter, 10/21/2012 1:18:58 AM

Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" – to the American people – for the federal bailout of Bain & Company that made so much of his outsize wealth possible. According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy,

      


Post Reply  

Reply 1 - Posted by: horacer, 10/21/2012 1:26:57 AM     (No. 8949286)

Nice try Debbie. This is an old, debunked fairy tale:

http://nymag.com/daily/intel/2012/08/did-mitt-romney-get-bailed-out-at-bain.html

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Reply 2 - Posted by: janylou, 10/21/2012 1:28:28 AM     (No. 8949288)

I have yet to hear a thank you from all those people standing in grocery lines with food stamps either. At least he turned his business around unlike Solyndra and A123, etc. if he did take money.


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Reply 3 - Posted by: SouthSanAntonio, 10/21/2012 1:29:21 AM     (No. 8949289)

Anyone else remember when ''Rolling Stone'' used to be a decent music magazine? I realize that was 35 or 40 years ago.

Whether they are Photoshopping an extra-large ''package'' on Al Bore, fawning over N∅bama, or attacking any Republican that they can, they lost any relevence a long time ago.

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Reply 4 - Posted by: Japanorama, 10/21/2012 1:30:00 AM     (No. 8949292)

Don't read Rolling Stone.
Won't read Rolling Stone.
Go smoke another joint, hippie.

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Reply 5 - Posted by: iamtinman, 10/21/2012 1:30:13 AM     (No. 8949293)

I think the timing and the source make this a dubious accusation. Even if there is any validity, to the claim, I would still vote for the guy who actually understands business over the guy with a 4 year record of failure to repair the economy.

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Reply 6 - Posted by: TruthandJustice, 10/21/2012 1:34:21 AM     (No. 8949297)

Pathetic ...rolling stoned...


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Reply 7 - Posted by: country boy, 10/21/2012 1:41:08 AM     (No. 8949302)

A very convoluted story is presented by Rolling Stone, total dollars not even that large to Bain Capital or Mitt Romney. Recent reports show obama cost us $One Billion/year for White House perks. This story about Romney "bailout" money is not even on the radar screen. Yawn.

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Reply 8 - Posted by: Blackeagle, 10/21/2012 1:50:32 AM     (No. 8949307)

This is really stale dated. The Article came out in late August but some obscure blog has linked to it. This tactic thus ''de-stale-dates'' anything - including really old stuff like the Gettysburg Address.

In fact the blog posting itself is old judging from the dates of the comments.

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Reply 9 - Posted by: Th-Gr-Sil-Majority, 10/21/2012 2:27:51 AM     (No. 8949319)

...Solyndra 500 million I believe...and this article, old news that it is, is speaking to 10 million and lots of innuendo and conjecture...

...I am sure Mitt was miffed at his former employers and how they took advantage of the company. He was loyal enough though to help it survive and I don't begrudge anyone getting a payday out of it...

...is this the level of October surpises that the left can generate...



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Reply 10 - Posted by: JAN, 10/21/2012 3:54:53 AM     (No. 8949349)

The O cabal simply recycling schmutz.

That's all they have and they're getting tedious.

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Reply 11 - Posted by: pineledger, 10/21/2012 4:47:06 AM     (No. 8949367)

Even if true, at least Romney can make things work, unlike Zippy's stellar "investments" in such entities as Solyndra, A123, etc.

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Reply 12 - Posted by: veritas, 10/21/2012 4:57:46 AM     (No. 8949373)

You're missing the obvious.

If he didn't build it -- then so what?

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Reply 13 - Posted by: LAW428, 10/21/2012 5:34:21 AM     (No. 8949395)

I've never, ever, read a single article from Rolling Stone(d) magazine. Apparently, I haven't been missing anything.

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Reply 14 - Posted by: Malia2012, 10/21/2012 8:06:11 AM     (No. 8949545)

What's a "rolling stone"?

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Reply 15 - Posted by: chicodon, 10/21/2012 9:15:18 AM     (No. 8949683)

They sent me a free copy of Rolling Stone once. Threw it in the trash.

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Reply 16 - Posted by: Distorted, 10/21/2012 10:28:11 AM     (No. 8949901)

It is a welcome revelation to learn that Romney is not the wuss so often depicted and can legitimately use advantages when they are presented. These are the professional qualities we desire in the president rather than the amateur ones we have settled for presently. Thanks Mother Jones.

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Mitt Romney likes to say he won't "apologize" for his success in business. But what he never says is "thank you" – to the American people – for the federal bailout of Bain & Company that made so much of his outsize wealth possible. According to the candidate's mythology, Romney took leave of his duties at the private equity firm Bain Capital in 1990 and rode in on a white horse to lead a swift restructuring of Bain & Company, preventing the collapse of the consulting firm where his career began. When The Boston Globe reported on the rescue at the time of his Senate run against Ted Kennedy,

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