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PRETZEL

(3,245 posts)
9. Personally, this is going to make great super PAC material
Tue Jan 17, 2012, 12:30 PM
Jan 2012

I don't think the President should go directly after R-money on his direct involvement with Bain. However, this is going to be the first time that I can remember where the nature of venture capitalism and how they make money off the backs of the workforce should be highlighted.

Case in point and since it's the one company that alot of people are talking about is KBToys. What (at least I think anyway) should be highlighted is that Bain only put up 18 million on a 305 million deal while at the same time, outsourced jobs, closed stores, placed the employee pension into government control and then after a couple of years took 85million out of the company for investor profits. If my math's right, that's a 500% return on investment, not a reinvestment into the company to reduce debt.

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