Re: American Presidential Candidates
“businessman from wall street” can mean many things. since the 2008 crisis, the layman’s perception of wall street is a greedy trader making risky bets and earning a huge bonus. that caricature represents less than 1% of all employees on wall street.
as for romney, firstly it’s easy to forget that bain capital is first a company, then a private equity company. that makes romney first an entrepreneur and then a private equity investor. these are two separate pillars of his businessman credentials.
further, private equity is not trading. not many will argue that private equity doesn’t add value to industry and the economy. romney founded a company that has provided billions of dollars in growth capital to hundreds of companies across sectors and sizes. and by doing so it has generated phenomenal returns for a variety of investors including pension funds and other savings vehicles of the american public.