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View Diary: Bwahahahahahaha! American Airlines and Bain Capital. (282 comments)

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  •  As I noted in a front-pager about the Chrysler ad (13+ / 0-)

    ... Mitt Romney never really wanted Chrysler and GM to go out of business.

    He just wanted to force them into bankruptcy so the vultures his pals at places like Bain could gut union pensions and contracts, reap (rape?) the companies' hard assets, and ship the jobs overseas to low wage countries, all while collecting huge fees for their "consulting services."

    This is what the Bains of the world do.

    •  Bob as it turned out both GM and Chrysler (2+ / 0-)
      Recommended by:
      johnny wurster, MKinTN

      ended up going through a Chapter 11, and it was clear from the very beginning that it would be required to put their cost structure in place so that it could be profitable. The US should have forced both companies into Chapter 11 before GWB gave them $13.4 billion in Dec 2008. That cash was flushed and the US received no debt or equity for it.

      "let's talk about that"

      by VClib on Mon Feb 06, 2012 at 07:44:08 PM PST

      [ Parent ]

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