American Presidential Candidates

[BindazChakkar]

Re: American Presidential Candidates

@Southie

Noone put a gun on AMR’s head. But in my opinion, a company (Bain) that makes money doing garbage work like this (robbing the working stiff of hard earned pension) is not breaking the law, but is unethical. Since Romney stillgets paid through his Bain Capital investments (I may be using the wrong term), and he is running for President, I do pay attention to at whose expense he makes his money.

How is it unethical? Pls elaborate.

Bain is a private equity investment company. It invests in a lot of companies. They takes risks - some investments pay off; many don’t - here is a study:

“Much of the firm’s profits was earned from a relatively small number of deals, with Bain Capital’s overall success and failure rate being about even. One study of 68 deals that Bain Capital made up through the 1990s found that the firm lost money or broke even on 33 of them.[SUP][40]](Bain Capital - Wikipedia)[/SUP] Another study that looked at the eight-year period following 77 deals during the same time found that in 17 cases the company went bankrupt or out of business, and in 6 cases Bain Capital lost all its investment. But 10 deals were very successful and represented 70 percent of the total profits.[SUP][41]](Bain Capital - Wikipedia)”[/SUP]

You can read the full report in Wiki Bain Capital - Wikipedia