Pic Of The Moment: New Romney Video: Purpose Of Bain Was To "Harvest" Companies For Profit

[proverbialwisdom]

11. NPR in 2009: "The Buyout of America: How Private Equity Will Cause the Next Great Credit Crisis."

http://www.npr.org/templates/story/story.php?storyId=120391729

Listen to the Story - Fresh Air from WHYY

http://www.npr.org/books/titles/138130016/the-buyout-of-america-how-private-equitiy-will-cause-the-next-great-creidt-crisi

Nov 2009

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UPDATE/CURRENT:

http://www.buyoutofamerica.com/

Buyout of America: How Private Equity Is Destroying Jobs and Killing the American Economy

This site is intended to pick up where the Buyout of America book leaves off.

We would like it to be a forum where we tell you what is presently going on with private equity companies and the private equity debate.

Hilarious, and largely accurate, video on how private equity firms hurt small business owners.

ProPublica does a nice job in September showing how Romney often bought profitable businesses that could handle debt, not companies needing turnarounds. The article also highlights how Bain often used outside brokers to find companies to buy and then did not pay them after it bought those businesses.

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This doesn't jibe with his campaign persona.