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From what I have always heard, firms engaged in leveraged buyouts can deduct the cost of the interest. Matt Taibbi wrote, "Because minus that tax break, Romney's debt-based takeovers would have been unsustainably expensive. Before Lynn Turner became chief accountant of the SEC, where he...
Buy a company using extreme leverage, load it up with debt, cash out. That was basically the MO. Made huge profits for Bain Capital, but Bain was not on the hook to repay the debt if things didn't turn out so well, as they often didn't.
One more example:
Read the whole story
http://www.boston.com/news/politics/articles/2012/07/12/government_documents_indicate_mitt_romney_continued_at_bain_after_date_when_he_says_he_left/?p1=News_links
Well, well, well.
Inconvenient truths.
How we deal with them says a lot about a person.
Some people face up to them.
Some lie...
http://www.theatlanticwire.com/politics/2012/07/romney-led-bains-investment-firm-disposed-aborted-fetuses/54097/
Will this matter to the abortion fanatics?
This thread is a result of the following video.
When Mitt Romney Came To Town
BLWnB9FGmWE
First let me say that the piece is obviously biased propaganda. It only highlights the negatives of Bain Capital's investments and involvement with various businesses. While it shows that jobs are lost...
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