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in 1977 he secured a position at Bain & Company. Later serving as its chief executive officer, he helped bring the company out of financial crisis. In 1984, he co-founded and led the spin-off Bain Capital, a private equity investment firm that became highly profitable and one of the largest such firms in the nation. His net worth is estimated at $190–250 million, wealth that helped fund his political campaigns prior to 2012.
Financial engineering has always been central to leveraged buyouts. In a typical deal, a private-equity firm buys a company, using some of its own money and some borrowed money. It then tries to improve the performance of the acquired company, with an eye toward cashing out by selling it or taking it public. The key to this strategy is debt: the model encourages firms to borrow as much as possible, since, just as with a mortgage, the less money you put down, the bigger your potential return on investment. The rewards can be extraordinary: when Romney was at Bain, it supposedly earned eighty-eight per cent a year for its investors. But piles of debt also increase the risk that companies will go bust.
Debate Verdict; In this debate I choose queenannie38 as the winner. queenannie38 provided a better argument for why Romney would not make a good POTUS based on the information provided. He is a business man, not a leader and following the statistics posted in the debate, along with attitude provided by Romney in his camp over his dislike of a large number of Americans proves just that. Also I agree in whole that Romney would be a "blame President" that would not take responsibility for American's actions at home or abroad.
While Druid42 did a stellar job of bringing information to the table, I felt that her views read a bit like a "Why I Love Romney" essay. Druid42 did not address issues brought up in queenannie38s' posts - seemingly choosing to sidestep them by simply adding more arbitrary "pro-Romney" information which did not directly address, IMO, the questions or statements tabled. In the end, both did an amazing job of debating and are surely both great credits to the ATS membership and as debate fighters... but I must give this one to queenannie38 for responding to the opponents issues and questions more attentively and effectively.