Obama Camp Releases Infographic On Romney’s Offshore Bank Accounts

reply to post by OccamsRazor04


reply to post by xuenchen


Nope and Nope.

a Boston Globe report from 1994 confirms that Bain saw several million dollars in loans forgiven by the FDIC, which had taken over Bain’s failed creditor, the Bank of New England.

...

The agency agreed to reduce Bain & Co.’s liability to the Bank of New England, but didn’t pump new funds into the flagging firm. Other Bain creditors also took a haircut in order to avert the company’s collapse.

Read more: www.politico.com...

Spin it any way you like...but Romney asked the FDIC to forgive 10 Million in debts and got it.

reply to post by Indigo5


You're the one with the spin, citing an article with non stop spin. There's no reporting there, no unbiased facts, just spin.

“The way the company was rescued was with a federal bailout of $10 million,” the ad says. “The rest of us had to absorb the loss … Romney? He and others made $4 million in this deal. … Mitt Romney: Maybe he’s just against government when it helps working men and women.”

That makes it sound like the rich people who ran the company into the ground made out like bandits while the little guys had to suffer.

Truth is that Romney was brought in, he was not responsible for this. He solved the crisis, and he made the rich people who were the problem PAY for it. Those are the facts, YOU can spin it any way you like. There was no bailout, from your own source you cited.

The agency agreed to reduce Bain & Co.’s liability to the Bank of New England, but didn’t pump new funds into the flagging firm.

Romney did not cause the problems, he did solve them, and he did so with only what was available. This is akin to Romney working to make America's debt manageable without raising taxes. The man did an amazing job solving a problem someone else created. Facts.