Romney’s Tax Return Nightmare Worsens After Errors Found In Financial Disclosure Statements

[fire_guy266]

11. I think it's more of a broken system and Willard is just a part of it

What Bain does should be illegal. Look at Dunkin Brands (Dunkin Doughnuts and Baskin Robbins). There was an IPO last year and I bought some of the stock. I then found out that Bain is the lead in the private equity consortium that bought Dunkin Brands in 2006. Private equity can be a sleazy business and is one of the problems with this country. You would think Dunkin Doughnuts is a good company right? They are expanding and they have good coffee. Bain was the lead in the consortium that bought it in 2006 with borrowed money for 2 billion dollars. They put the 2 Billion on the balance sheet of Dunkin Brands. All of a sudden a company that sells to franchisees and gets franchise fees was 2 billion in debt. They took the company public with an IPO last year. They put the cost of the IPO on the Dunkin Brands balance sheet. Recently they paid themselves a half a billion dollar dividend and put that on the Dunkin Brands balance sheet. Because of Bain the company is deep in debt and all the profits and used to pay down the debt. I sold my position. My experience gave me a clear picture of why Bain does. They just bleed these companies and suck everything they can out of them. Dunkin Brands would have been better off if the family that originally founded the company brought it public instead of selling it to leaches like Bain. You have people working very hard in those Dunkin Doughnut stores for low wages and you have millionaires like Willard that borrow money from the company to line their pockets while screwing common stock holders. Perry was correct when he called Mitt a vulture.