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Bain

Posted by don_socal socal (My Page) on
Wed, Aug 8, 12 at 15:42

Money to start it...

"In 1983, Bill Bain asked Mitt Romney to launch Bain Capital, a private equity offshoot of the successful consulting firm Bain & Company. After some initial reluctance, Romney agreed. The new job came with a stipulation: Romney couldn't raise money from any current clients, Bain said, because if the private equity venture failed, he didn't want it taking the consulting firm down with it.

When Romney struggled to raise funds from other traditional sources, he and his partners started thinking outside the box. Bain executive Harry Strachan suggested that Romney meet with a group of Central American oligarchs who were looking for new investment vehicles as turmoil engulfed their region."

Interesting article, Nancy may have more information as she knows a lot about our southern neighbors.

Here is a link that might be useful: Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads


Follow-Up Postings:

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RE: Bain

Death squads also known as job creators.


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I guess it's true - the bane of Romney's existence is the existence of Bain.

Romney doesn't take his own advice... borrow start up money from mom and dad.


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Job creators that wanted their own people to work for less than peanuts, and that had no qualms using lethal force if they asked for more pay, tried to unionize, or asked for land reform.

I read of Romney's connections to the oligarchs living in Miami a few months ago. The Los Angeles Times article has less information regarding the de Sola family's position in El Salvador than that of Salon. Too bad the LAT didn't continue investigations among the many Salvadoran and Guatemalan immigrants/refugees who came to Los Angeles to escape Ronald Reagan's war against peasants in Central America -- many of them devout Christians. Somehow the right-wing apologists can overlook the slaughter of Christians if one of their own is involved in perpetuating the slaughter.

From the Salon article:

Four members of the de Sola family were among the original Bain investors, or "limited partners" in the company, the Globe reported. Their relative and "one-time business partner," Orlando de Sola, was an important figure in El Salvador. A well-known right-wing coffee grower with an (in his words) "authoritarian" vision for the country, de Sola spent time living in Miami but was also a founding member of the right-wing Arena party, lead by a U.S.-trained former intelligence officer named Roberto D'Aubuisson [the man responsible for ordering the death of Archbishop Oscar Romero]...

...he [Orlando de Sola] was in the inner circle of the group around D'Aubuisson at the time that D'Aubuisson was well known to be involved in the death squads. De Sola's name appears in a December 1983 FBI cable as one of 29 people suspected by State Department officials of furnishing funds and weapons to Salvadoran death squads.

Anyone who made common cause with Roberto D'Aubuisson has much to answer for; who would support a murderer? More about D'Aubuisson and ARENA:

Mr. d'Aubuisson founded the Nationalist Republican Alliance, a far-right political party, in 1981 and served as president of El Salvador's Constituent Assembly in 1982 and 1983. In 1984, he ran for the national presidency but lost to Jose Napoleon Duarte of the Christian Democratic Party. Mr. Duarte's successor [as of 1992], President Alfredo Cristiani, is a member of the Nationalist Republican Alliance, known as Arena.

But Mr. d'Aubuisson's primary reputation was not that of a politician in the usual meaning of the word. To many diplomats and to campaigners working to end years of civil war in El Salvador, Mr. d'Aubuisson was a violent right-wing radical who was a suspect in many killings, including the 1980 slaying of Archbishop Oscar Arnulfo Romero.

His opponents also suspected that Mr. d'Aubuisson was involved in the slayings of six Jesuit priests in 1989 and many other acts of violence against clerics and others, including the 1980 killing of Mario Zamora Rivas, El Salvador's Attorney General.

Robert E. White, United States Ambassador to El Salvador from 1977 to 1980, said Mr. d'Aubuisson had a "sick mind" and was a "pathological killer." In 1984, Reagan Administration officials said associates of Mr. d'Aubuisson had been involved in a plot, never carried out, to kill Thomas R. Pickering, who was then the United States Ambassador to El Salvador...

Mr. d'Aubuisson, who also served as national intelligence chief, never stood trial on any of these accusations.

The Crucifixion of EL SALVADOR


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Thank you Nancy, I just knew this was on your list.


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I guess it's true - the bane of Romney's existence is the existence of Bain.
Romney doesn't take his own advice... borrow start up money from mom and dad.

He just doesn't get it, does he. The trail that exists today is not what existed way, way back.

The trail Romney has left is coming back to haunt him in a way even he never thought it would.

So much for the "smart business man" concept when used to refer to Mitt.

I really thinking his days as the "anointed one" of the GOP, the next in line to "carry the torch" as leader of the GOP are numbered and becoming lower and lower in number as each day goes by.

Should be one interesting GOP convention. Over and done before it starts, me thinks it will be adios to the Mitt. he is never going to get the nomination.


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I am not 100% sure but I think he HAS to get the nomination. He has the delegates pledged to him. Unless he releases them, I think it's a done deal.


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he is never going to get the nomination.

Ya think? All the primary rigging in vain?

So now we can add blood money to the list. Doesn't surprise me in the least (I predict crickets).


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RE: Bain

  • Posted by vgkg 7-Va Tidewater (My Page) on
    Wed, Aug 8, 12 at 17:45

Mitt Romney 2012
He'll Deal with the Latinos!


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I still think the IRS amnesty on the Swiss bank account - which is apparently closed (am I right?) - is the kicker. But I've been wrong on things before. Getting that all cleaned up would be a big reason for not releasing tax information.

If not Romney, who? The field of crazies and loonies who fell by the wayside? Somebody no one has thought to consider?

Just wish Romney would announce his VP pick- that'll give HT endless thread possibilities right up until Nov. 6th.


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So now we can add blood money to the list.

The money is very, very bloody. But some of us knew then who and what President Reagan was protecting.

Land was used for raising export crops such as coffee (see de Sola family above) while the peasants didn't have enough land for crops to feed themselves.


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The money is very, very bloody. But some of us knew then who and what President Reagan was protecting.

I know. I'm one of them.

De Sola...I think I came across that name just recently, can't recall where. But it wasn't Florida.


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Mr. de Sola's own words condemn him. From 1989 - San Salvador Journal; He's a Rightist (No Doubt About It)

Mr. [Orlando] de Sola, whose small farm overlooking the city has been attacked by unknown gunmen this summer, said that "exploitation is part of the human condition" and that he would close the Tahitian-style restaurant he opened for his wife before allowing a union to organize its workers.

He said he believes that all student leaders at the National University, a stronghold for leftist organizing, are "Soviet agents" and that the school should be put under martial law...

He argued that Franklin Delano Roosevelt's social programs "ruined the United States" and attacked the country's governing Nationalist Republican Alliance, or Arena [linked to death squads in El Salvador], as "soft on Communism."

Providing a glimpse of El Salvador's polarization, he reshaped Clausewitz's dictum that war is a continuation of diplomacy by other means. "Politics is the art of war," he said, adding that tens of thousands of Salvadorans killed by right-wing death squads were "Communist stooges"' who deserved to die...

Mr. de Sola freely acknowledged that he has an "authoritarian" and "autocratic" vision for El Salvador, whose history has been written by a series of bloody military governments that used repression to muzzle dissent and put down periodic uprisings.

"That's the only way to get through this crisis," he said. "Democracy has too many limitations. The majority rules whether it's right or wrong." [...]

Mr. de Sola's brand of authoritarianism has dominated the political landscape of El Salvador for most of its modern history. His hard line characterized the landed gentry that traditionally ran El Salvador as a personal profit center and is widely blamed for setting off the decade-old civil war, which so far has claimed 70,000 lives and displaced more than one in 10 Salvadorans. [...]

A founding financier of Arena, which was started nine years ago as a paramilitary group, Mr. de Sola was rejected by the party as too extreme in 1986 when he wanted to join and run as a legislative candidate...

But he clearly touches a strong current within the party and this society. And even his most hard-line opinions are echoed in private by many members of the oligarchy and the army, which have traditionally run the country in a de facto coalition. Indeed, Arena's landslide victory in the March elections was in large part due to its continuing appeal among far-rightists...

The country's most popular politician remains Roberto d'Aubuisson, Arena's honorary president for life, who has been linked to some of the country's most notorious human rights violations.

"I have a lot of respect for d'Aubuisson and because of that for Fredy [Alfredo Cristiani - elected president in 1989] - he's been endorsed, christened, anointed by the boss, the real boss," Mr. de Sola said. "But people didn't vote for his kind of moderation. Basically, people voted for d'Aubuisson, not for Fredy's kind of sissy policies."


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JZ, Romney is coming up as about as flawed a candidate as one can get and the GOP is bound and determined to win the white house back and cleanse it of Obama.

I'm betting that when push comes to shove, by convention time at the end of the month, Romney will be withdrawing from the race, claiming some kind of something about his wife's illness and some other GOP flawed candidate will take his place.

Truth will be, the GOP gave Romney a choice, withdraw or face the consequences of the wrath of the GOP and they will join forces with Harry Reid.

I agree with the linked political opinion in this linked article

Here is a link that might be useful: Paul Abrams, Prediction: Romney Will Not be the Republican Nominee


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Seems as if Romney and the Salvadoran oligarchs share similar views.

From 1998: Book Reveals Identities of El Salvador's Richest Families

Maria Dolores Albiac, a Spanish journalist and longtime resident of El Salvador, has named names, telling of more than 100 families with large fortunes--and political clout to match. And she actually tells how they made their money.

"In any other country in the world, this is public information," Albiac said at the book's launch this month. Yet, in El Salvador, the identity of the oligarchy has been treated like a state secret.

El Salvador is marked by extreme differences in income, she found. While 700,000 families -- 3.5 million of the country's 5 million people -- live on $1 a day or less, 518 families earn $10,000 a month or more.

"The issue of concentration of wealth should be discussed," Albiac said. "How is it that, in a country with so much poverty, no one is willing to talk about the other extreme?"


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That news is sure to help with the Latino vote.

Jebus. Can you imagine the PAC attack ads on Telemundo?


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Hmmmm, persona non grata in Italy and bienvenidos amigo in Central America. We're starting to learn about Mitt's foreign investments.


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If Romney doesn't get the nomination then who gets it? Michele, Newt, the pass-the-dead-baby guy, the black guy who has a pizza business, the Donald? I vote for the greedy idiot with a dysfunctional family in Alaska.

-Ron-


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RE: Bain

  • Posted by ohiomom 3rdrockfromthesun (My Page) on
    Wed, Aug 8, 12 at 23:07

.....and there were "squeals" about Obama's pastor?

This should be disturbing to the republican party, "if" it is ever brought to the surface. But then, maybe not.

Now where are those school transcripts ??

Looks like this one is "true" Harry :)


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El Salvador is marked by extreme differences in income, she found. While 700,000 families -- 3.5 million of the country's 5 million people -- live on $1 a day or less, 518 families earn $10,000 a month or more.

Give us time. God, and the Republicans willing, we'll get there.

-Ron-


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What's wrong with making a killing.

Crickets, as usual. It won't disturb them, at all. Wanna bet?


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Crickets, as usual.

Indeed!


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Is it me or the subject matter? i don't think they like me any more, they will not post on my threads. Whaaaa!

Oh well he is theirs and they will have to live with it if he gets in. Truthfully I doubt he will even finish but drop out and let one of the other scum take over.


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RE: Bain

Don, they are simply speechless.


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RE: Bain

  • Posted by bboy USDA 8 Sunset 5 WA (My Page) on
    Thu, Aug 9, 12 at 13:21

>Oh well he is theirs and they will have to live with it if he gets in<

All of us will have to live with it.


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It's always crickets from them . They can't defend their pathetic candidate ,only disparage Obama. That's been their mission for four years since their leader, Rush gave them their marching orders. The chinless one ,Mitch O'Connell, even announced that on the floor .

I just don't see Romney not given the nomination after the horrible cast of character they paraded around for over a year. This would give them eight weeks if they chose another. Not going to happen. They're stuck with the guy they took to the prom.


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I agree Lily...there is no chance of a change at this point. To do so would give the election to Obama and that's not going to happen.... nor should it.

What amazes me is the level of slime so many are willing to accept in the person they elect as their President. He will never be "their" President, the people will never matter to him. It will all be about ensuring he and his "buddies" come out on top financially no matter who that hurts.

As I've often said ..."be careful what you ask for. You may get it"


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Who knows? Maybe we need a President who is money-driven, ruthless, and without compassion for four years or so to get our house in order.

But even then, there are enough checks and balances to offset the damage that could potentially be done.

Oh wait, G-Dubya...never mind.

-Ron-


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Now on to the Salaverria family.

Background from yesterday:

While they were on the lookout for investments in the United States, members of some of these prominent families -- including the Salaverria, Poma, de Sola and Duenas clans -- were also at the time financing, either directly or through political parties, death squads in El Salvador. The ruling classes were deploying the death squads to beat back left-wing guerrillas and reformers during El Salvador's civil war.

Here's the information:

The Salaverria family, whose fortune came from producing cotton and coffee, had deep connections to [in the 1980s] the [far] right-wing Nationalist Republican Alliance (ARENA), a political party that death-squad leader Roberto D'Aubuisson founded in the fall of 1981. The year before, El Salvador's government had pushed through land reforms and nationalized the coffee trade, moves that threatened a ruling class whose financial and political dominance was built in large part on growing coffee.

ARENA controlled and directed death squads during its early years...

In 1984, Robert White, the former U.S. ambassador to El Salvador, named two Salaverria brothers -- Julio and Juan Ricardo -- as two of six Salvadoran exiles in Miami who had directly funded death squads, repeating in sworn congressional testimony a claim he'd made earlier as ambassador. The group became known as the "Miami Six." White testified that a source close to the Miami Six had notified the U.S. embassy of their activities in January 1981.

White was pushed out of his job by the incoming Reagan administration in 1981; he was considered insufficiently supportive of the Salvadoran ruling class. (D'Aubuisson endorsed Ronald Reagan in 1984.) When contacted by phone recently, White reiterated his claim about the Salaverria brothers, but said he couldn't reveal his source's identity in order to protect the source.

"The Salaverria family were very well-known as backers of D'Aubuisson," White told The Huffington Post. "These guys were big-money contributors. ... They were total backers of D'Aubuisson and the extremist solution, including death squads."


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I'm puzzled that certain participants in this forum have not yet responded with claims of "mudslinging", "lies from the lib side" and other vague claims. Funny, I think I've gotten a bit fond of the uninformed hysteria.....I'm think I'm not well, I'm going to lie down until this feeling passes.


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This may be one of the rare few examples of success in "supply side" economics.

Consider: In the 1980s, Reagan and his allies in the U.S. sent hundreds of millions of dollars in cash and aid to Central America. Supposedly to stop socialism, communism, terrorism, etc.

The 1980s investment of $$$ from the U.S. government (that is, $$$ raised from the U.S. people by taxes and other government revenues) helped the oligarch families of El Salvador remain in power. Helped them keep earning $$$ from their businesses and their people.

When those oligarch families invested some of their Central American $$$ in Bain Capital, they essentially returned some of the U.S. aid. In the process, they helped further Romney's political career. And now, he's running for President!

If Romney is elected, perhaps his old business friends will help to advise him? Those who are strongly opposed to socialists, communists, terrorists, etc. -- should be rejoicing that Romney's connections have been revealed.

Don't you want a President with experienced advisors? Economically successful people, who won't flinch from the tough decisions necessary to restore and preserve order, in these troubled times?

If it takes a Catholic Archbishop or two shot dead in front of their U.S. congregations, or tens of thousands of rabble-rousing OWS scum killed and tossed onto garbage dumps by loyal bands of Freedom Fighters -- well, it's a relief to know Romney has experts close at hand to call on.

They've been there. They've done that. Ronnie helped 'em preserve their freedoms -- and now, they've helped get Romney a chance at preserving freedom in the USA.

God Bless America. It's a personal opinion, but I can't help but think that Papa Doc of Haiti would heartily approve of this result of "voodoo" economics.

All the best,
-Patrick


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I'm puzzled that certain participants in this forum have not yet responded with claims of "mudslinging", "lies from the lib side" and other vague claims. You always have to consider the source.


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It's likely that they can't think something up to spin this. Yet.


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Posted by jerzeegirl 9 (My Page) on Thu, Aug 9, 12 at 18:14

"I'm puzzled that certain participants in this forum have not yet responded with claims of "mudslinging", "lies from the lib side" and other vague claims. You always have to consider the source."

The source? Are you disrespecting Don's OP?


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It's likely that they can't think something up to spin this.

Or they haven't been fed their lines so they don't know what they are supposed to say. Yet.

Don/Nancy thank you. Great, informative thread. I thought I knew about this but having only gone through 1/4 of the links so far I see I have more to learn.


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and we want that as the next Leader of the United States.

We cannot let it happen.


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The source? Are you disrespecting Don's OP?

Stop being disingenuous. It doesn't become you.


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Thanks for the tip. It doesn't become pretty much anyone.

Seriously, "consider the source" was said. I backed up and looked before I posted the question. I can't see what else that statement could be referencing What else could it mean; what other "source" is there? The source is the beginning, right? And looking back through the posts, there's nothing subsequent to the OP that could be the source.


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Okay once more for the comprehension-challenged: Consider the source - in other words consider who the words are coming from - the resident mudslingers and accusers who make it up as they go along.

Got it, elvis? If you don't, maybe you should get out your dictionary.


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Note the silence on the subject. Still can't think up anything to spin this, hence the different approach to derail this thread.

So predictable, I'm bored stiff.


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Too predictable. Maybe Fox is off the air today and the talking points are unavailable.


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  • Posted by bboy USDA 8 Sunset 5 WA (My Page) on
    Fri, Aug 10, 12 at 12:35

So carry on without them. Threads being driven by chronic postings of faleshoods is its own source of boredom.


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RE: Bain

Posted by jerzeegirl 9 (My Page) on Fri, Aug 10, 12 at 7:53

"Okay once more for the comprehension-challenged: Consider the source - in other words consider who the words are coming from - the resident mudslingers and accusers who make it up as they go along.
Got it, elvis? If you don't, maybe you should get out your dictionary."

Yikes. You're so angry in the morning. You're right, JZ, I must be "comprehension-challenged". Thank your lucky stars there are inferior folks like me to make you feel smug. Have a nice day. Hang out with Maddie; she'll cheer you right up.

;D


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You are the mosquito of the forum, elvis.


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Oops I forgot the ;D


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Re: Bain - Interview with the HuffPost article author

Earlier today, Amy Goodman of Democracy Now! interviewed Ryan Grim, the Washington Bureau Chief for Huffington News and author of Wednesday's article, which is linked in the OP of this thread.

The interview starts about 11:30 minutes into the hour-long DN! newscast, and ends around 30:30 in the program. There's also a written transcript available here, for anyone who doesn't want to dload and watch the video.

Please note: towards the end of the interview, Grim raises the issue of the ongoing drone assassinations by U.S. military personnel, assassinations which are approved by current U.S. President (and candidate) Obama.

All the best,
-Patrick

Here is a link that might be useful: Romney's Death Squad Ties: Bain Capital... (DN)


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RE: Bain

Posted by jerzeegirl 9 (My Page) on Fri, Aug 10, 12 at 14:00

"You are the mosquito of the forum, elvis."

Sweet. But I'm not into drawing blood.

I find you oddly annoying as well, but in a good way. Get over yourself.


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So I get it that there is nothing wrong with death squads.

The silence speaks volumes.


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Those death squads were insurance that there would still be millions for investments with Bain.


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More detailed info about some of the investors...

"WASHINGTON -- When Mitt Romney launched Bain Capital in 1984, he struggled at first to raise enough money for the untested venture. Old-money families such as the Rothschilds turned down the young Boston consultant.

So he and his partners tapped an eclectic roster of investors, raising more than a third of their first $37 million investment fund from wealthy foreigners. Most of the foreign investors' money came through corporations registered in Panama, then known for tax advantages and unusual banking secrecy.

Previously unreported details, documented in Massachusetts corporate filings and other public records, show that Bain Capital was enmeshed in the largely opaque world of international high finance from its very inception. The documents don't indicate any wrongdoing, and experts say such financial vehicles are common for wealthy foreign investors.

But the new details come as President Barack Obama has criticized Mr. Romney for profiting from Bain Capital's own offshore investment entities, unavailable to most Americans.

The Romney campaign declined to comment on specifics of Bain's early investors. Mr. Romney has argued that his offshore investments are entirely proper, and that he has paid all U.S. taxes he owes. The offshore funds do provide tax advantages for foreign investors, allowing Bain to attract billions of dollars.

"The world of finance is not as simple as some would have you believe," Mr. Romney said in a National Review Online interview this week.

The first outside investor in Bain was a leading London financier, Jack Lyons, who made a $2.5 million investment through a Panama shell company set up by a Swiss money manager, further shielding his identity. Years later, Lyons was convicted in an unrelated stock fraud scandal.

About $9 million came from rich Latin Americans, including powerful Salvadoran families living in Miami during their nation's brutal civil war."

Here is a link that might be useful: Foreigners craving secrecy gave Bain Capital start-up funding


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How Bain and current campaign contributors and the 2002 Olympics and the current Olympics are tied together with Romney including Lake Michigan PCB polluters Monsanto and Outboard Marine...

"AMY GOODMAN: Well, there’s another side to Romney’s Olympic record. As longtime investigative reporter Wayne Barrett reveals in a new series of articles, Romney was brought in to resolve the 2002 ethics crisis, but he may have violated the new ethics rules he put in place. Today, Mitt Romney continues to accept campaign contributions from many key figures tied to the bribery scandal, including Utah businessman D. Fraser Bullock, who is featured in the pro-Romney ad we just played.

For more, we’re going to Wayne Barrett, the investigative journalist. One of the latest pieces for the Newsweek/Daily Beast is "Romney’s Shady Connections From Salt Lake Olympics Still Paying Off." His new Mother Jones report is called "'I Couldn't"

"WAYNE BARRETT: Well, the key question, which-the mainstream media seems to be just saying, "Well, we're going along with the Bain critique, but we're just going to let the Olympic thing sit there as a credit." And the key question is, why is he taking all this money from people who were implicated in the very scandal that brought him there? Why is he taking all this money? What's the nature of his relationship with these folks that corrupted the Games?

And I wrote a piece for The Daily Beast that came out on Sunday about the other part of his career that's ignored, which is he spent 10 years as a business consultant before he created Bain Capital. Seven of those were at Bain & Company, and two and a half at Boston Consulting Group. And I looked at two of his clients that were consulting clients that happened to pollute the lake where he first kissed Ann Romney.

AMY GOODMAN: And you found?

WAYNE BARRETT: I found that, in both of these cases-and one of them is Monsanto, which I think is a company that belongs on the list of the worst corporations in the history of the country. One of them was Monsanto, and PCBs supplied in the hydraulic fluids that were used to drive the die-casting machines at Outboard Marine, which was the largest boat engine manufacturer in the United States at the time, has since gone-been acquired, by the way, by a company controlled by Bain Capital. But Outboard dumped 1.1 to 1.7 million PCBs in the-in Lake Michigan. And I also write about three or four other Monsanto sites on Lake Michigan where they supplied PCBs. And really, Lake Michigan has been polluted largely by Monsanto and partially by Outboard Marine."

Also check the four links to articles by Wayne Barrett.

Here is a link that might be useful: Key Figures in Salt Lake Olympic Bribery Scandal Now Backing Romney's Presidential Campaign


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Thank you David, this is good info.


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I am sorry, I meant special thanks yo Don and others that have contributed so much at sharing what you have researched.

There is so much out there that can be missed without everyone sharing what they have found.


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RE: Bain

This is part of what is out there about Willard with links to each one...

Here is a link that might be useful: You Don't Know Mitt: 99 Facts About Mitt Romney


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"AlterNet Radio: Former GOP Staffer Says His Party's Gone Nuts; Tomasky: Is Obama Headed for a Landslide Win?; Labor Starting to Fight

This week on the AlterNet Radio Hour, Joshua Holland talks to Mike Lofgren, the veteran Republican congressional staffer who quit after realizing that religious fundamentalism had left his party incapable of governing. Lofgren wrote a book about his experiences called, The Party's Over: How Republicans Went Crazy, Democrats Became Useless and the Middle Class Got Shafted."

Source with link to updated podcast.


The Party Is Over: How Republicans Went Crazy, Democrats Became Useless, and the Middle Class Got Shafted [Hardcover]
Mike Lofgren (Author) Amazon

"There’s a secret lurking behind everything you’re reading about the upcoming election, a secret that all political insiders know--or should--but few are talking about, most likely because it takes the drama out of the whole business. The secret is the electoral college, and the fact is that the more you look at it, the more you come to conclude that Mitt Romney has to draw an inside straight like you’ve never ever seen in a movie to win this thing. This is especially true now that it seems as if Pennsylvania isn’t really up for grabs. Romney’s paths to 270 are few."

This link has a video that starts automatically, the second link below is the print version for those that do not do videos.

Michael Tomasky on the (Possible) Coming Obama Landslide

Here is a link that might be useful: Michael Tomasky on the (Possible) Coming Obama Landslide


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RE: Bain

So how much money was laundered by Bain?

Thanks Don, and everyone, for bringing all this back up!

Though I do already know most of the info chances are my memory needs refreshing. I want to re-read everything.

Keep it coming!


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RE: Bain

Bain is going to be "the bane" of Romney's existence.

For such a "smart business man who knows how to create jobs", he sure isn't too smart about "covering his tracts", making sure the truth doesn't come out, but then again, those that think they are superior to everyone else, have this high and mighty attitude about themselves;

well they never think they have anything to worry about, they can do anything and get away with it, nothing will matter, and too bad for everyone else.

Well the attitude appears to be coming back to haunt Romney and "bit him in the rear".

I'm still believing that in the end, when push comes to shove, Romney is going to withdraw from the nomination and it will go to Ryan.

Romney has so much baggage tied around him now that he is being weighted down to the neck already adn about to drown in his "own stench" of disasters that he has created for himself over the years with Bain Capitol and company.

Could be wrong, but we will see in about 2 weeks.


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RE: Bain

Since the repugs are not reading this I guess I have 92 more posts to link stories about Willard.

Here is a link that might be useful: 7 Scandals That Reveal the Real Mitt Romney


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Since the repugs are not reading this I guess I have 92 more posts to link stories about Willard.

There are lurkers so all information is always appropriate and helpful. The fact that no one can/has dispute the comments makes it even better. It puts a seal of truth to the info.


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RE: Bain

Interesting Bsin currently is pretty eqaul in their donations to parties according to open secrets!


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RE: Bain

This may seem like a small matter in the larger scheme of things, but the story in the link about the Romneys drinking chocolate and, after not tipping the barista, offering their left-over chocolate to drink, struck me as being very disturbing, utterly condescending and so bereft of any normal feelings of courtesy and empathy that I can scarcely believe it. At the same time, it seems all of a piece with everything we know about the Romneys, so it may very well be true. They really seem completely divorced from reality as we know it, and that kind of insulation from how 99% of the people live and think is what makes Romney the worst possible candidate one could imagine. It's very telling that even the most conservative posters here can barely bring themselves to say anything positive about this man.


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RE: Bain

Well, his ears don't stick out.

I think that's positive.


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RE: Bain

True, but aside from that very important quality, does he have honor, integrity, empathy, intelligence, workable ideas that will better our lives,the ability to sacrifice, an open mind, the ability to compromise.......?


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RE: Bain

Don't go and complicate the discussion with all that "ability to sacrifice", "empathy", "honor" democrat-speak, Ingrid.

Stick with how awful that scary Obama man is and with the ears which do or don't stick out and thus, the conversation very well might continue.


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RE: Bain

Making light of death squads.

Figures.


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RE: Bain

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RE: Bain

Here's more for you Don. From Vanity Fair Mag...

Where the Money Lives


...as he tried to nail down the Republican nomination for president of the United States, Romney's gray areas were again an issue when he repeatedly resisted calls to release more details of his net worth, his tax returns, and the large investments and assets held by him and his wife, Ann. Finally the other Republican candidates forced him to do so, but only highly selective disclosures were forthcoming.

...But Romney has, as well as other interests in such tax havens as Bermuda and the Cayman Islands.

To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as "a Bermuda corporation wholly owned by W. Mitt Romney." It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wife's newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusetts's governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romney's personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an "excepted investment fund" that would not need to be on his disclosure forms. He finally included it on his 2010 tax return.

...While the Romneys' spokespeople insist that the couple has paid all the taxes required by law, investments in tax havens such as Bermuda raise many questions, because they are in "jurisdictions where there is virtually no tax and virtually no compliance," as one Miami-based offshore lawyer put it.

That's not the only money Romney has in tax havens. Because of his retirement deal with Bain Capital, his finances are still deeply entangled with the private-equity firm that he founded and spun off from Bain and Co. in 1984. Though he left the firm in 1999, Romney has continued to receive large payments from it-in early June he revealed more than $2 million in new Bain income. The firm today has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interests in at least 12, worth as much as $30 million, hidden behind controversial confidentiality disclaimers. Again, the Romney campaign insists he saves no tax by using them, but there is no way to check this.

Bain Capital is the heart of Romne's fortune: it was the financial engine that created it. The mantra of his campaign is that he was a businessman who created tens of thousands of jobs, and Bain certainly did bring useful operational skills to many companies it bought. But his critics point to several cases where Bain bought companies, loaded them with debt, and paid itself extravagant fees, thereby bankrupting the companies and destroying tens of thousands of jobs.


An Age-Old Ruse

That's the way Mitt Romney, back in 1994, described putting one's assets in a so-called blind trust. But it's 2012, and the ruse looks pretty serviceable.

Never mind that Mitt Romney has an estimated net worth as high as $250 million, or that some of it has been invested in offshore accounts of a sort never held by any previous presidential contender. He assures us that his assets are held in a "blind trust" over which he exerts no control.

But just how blind are such trusts, anyway? In Romney's case, apparently not quite blinkered enough to keep his trustee-who is also his personal lawyer and longtime friend Bradford Malt-from investing more than $10 million of Romney's money in an investment fund managed by Romney's son Tagg.

In 1994, when he was running for the Senate against Ted Kennedy, Romney attacked Kennedy for disclaiming any responsibility for his investments, declaring at one point: "The blind trust is an age-old ruse." He takes a different tack today, but even his own spokeswoman, Andrea Saul, has acknowledged that if he's elected, he'll move his wealth into a new, stricter blind trust, governed by federal rules.


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RE: Bain

Its just a new definition of 'blind' trust. The public can't find out anything, but the owners can.


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RE: Bain

Posted by ingrid_vc Z10 SoCal (My Page) on Thu, Aug 16, 12 at 1:07

"True, but aside from that very important quality, does he have honor, integrity, empathy, intelligence, workable ideas that will better our lives,the ability to sacrifice, an open mind, the ability to compromise.......?"

We can only hope. Who really knows what's in a man's heart? Who really knows anyone? A rational person bases an opinion on what that person has done (or hasn't done). I think people tend to project attributes, good and bad, depending on (perceived) self interest.


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RE: Bain

"A rational person bases an opinion on what the person has done (or hasn't done)".

That's a very fair statement. If we compare the two men (Obama and Romney), who has told the most lies, who has changed his opinions from one day to the next, who put a helpless dog on top of his car (a really lunatic idea), who has no viable, stated plan of economic recovery, who has saved General Motors, who has created an economy and job recovery, who has hidden tax returns, who wants to lower taxes on the extremely rich to the detriment of the middle class, who has by far conducted a dirtier campaign based on demonstrable lies, who has chosen a VP with an unworkable economic plan and horrific ideas of social change (abolishing abortion even at the risk to the mother's health or her death, abolishing birth control), who wants to dismantle Medicare, who wants to run the middle class into the ground? The answers are not based on (perceived) self interest but on the survival of the middle class and perhaps the survival of the United States as we know it.

By the way, thank you for given honest consideration to my question.


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RE: Bain

Although of course I was also hoping for a response to my last post, elvis.


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RE: Bain

That WAS my answer to your last post, ingrid.


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RE: Bain

I beg to differ with that elvis.


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RE: Bain

Note the silent consent.

This is the kind of "class" they possess.


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RE: Bain

Posted by ingrid_vc Z10 SoCal (My Page) on Sat, Aug 18, 12 at 0:36

"Although of course I was also hoping for a response to my last post, elvis."
____________________

Posted by elvis 4b WI (My Page) on Sat, Aug 18, 12 at 1:45

"That WAS my answer to your last post, ingrid."
____________________

Posted by ingrid_vc Z10 SoCal (My Page) on Sat, Aug 18, 12 at 11:34

"I beg to differ with that elvis."
_____________________

Posted by maddie_athome (My Page) on Sun, Aug 19, 12 at 5:24

"Note the silent consent.
This is the kind of "class" they possess."

_____________________

Went to bed. I'm silent when I sleep. I hope. maddie's remark about "class"? Speaks for itself. That's all.


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RE: Bain

Just to add to the log here is another story...

"As previously reported in by the Columbus Free Press, the Romney family, namely Mitt, Ann, G Scott and Tagg Romney, along with Mitt's "6th son" and campaign finance chair have a secretive private equity firm called Solamere Capital Partners. This firms ties to Romney's campaign and bundlers is already well documented, along with its connection to the manufacture and distribution of voting machines. What is not as well documented is a subsidiary of that private equity firm hiring employees of a failed firm tied to a Ponzi scheme that has a long history of money laundering for Latin American drug cartels and to the Iran-Contra scandal.

As reported by ThinkProgress, Solamere Capital Partner's subsidiary Solamere Advisors is a investment advisory group, providing advice to Solamere clients and boosting sales. Would-be corporate pugilist Tagg Romney is a director. According to the New York Times, all but one of its 11 employees came from the Charlotte office of the Stanford Financial Group, the US investment arm of convicted felon R. Allen Stanford's offshore banking and fraud network that comprised a host of companies including the Stanford International Bank, Stanford Capital Management, The Bank of Antigua, Stanford Trust and Stanford Gold and Bullion. Three of these employees, Tim Bambauer, Deems May, and Brandon Phillips, received incentive compensation related to their direct sales of securities linked to a fraud that brought down this banking network.

Tim Bambauer has left his position as managing partner at Solamere Advisors. May and Phillips remain employed as partner and chief compliance officer respectively.

Allen Stanford is currently serving a 110-year prison sentence for convictions on 13 counts of fraud. His companies were placed in receivership. $8 billion of Stanford's stolen money has yet to be recovered and the victims are in court to recover those funds and incentive pay bonuses to Stanford employees (including Bambauer, May and Phillips) for fraudulently getting people to invest in an operation that later bilked many of them out of their life's savings."

Here is a link that might be useful: Employees of Romney family's secret bank tied to fraud, money laundering, drug cartels and the CIA by Gerry Bello and Bob Fitrakis October 20, 2012


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RE: Bain

Murder squads and drug money.

Figures.


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RE: Bain

Yes, a continuation of the original start up that endures to this day. They should be under investigation, not putting the leader of this mob up for election. Mob, money laundering and cartel activity.


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RE: Bain

Boy, talk about double standards. If this kind of information came out about Obama, conservatives, Fox news and Romney's campaign would be all over it.

But for Romney ... meh.


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RE: Bain

  • Posted by bboy USDA 8 Sunset 5 WA (My Page) on
    Wed, Oct 24, 12 at 14:18

March in lock stop behind the party leadership, no matter who they are and what they do.


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RE: Bain

Clearly silent content.


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RE: Bain

Lets pick our leadership from a family where two generations have made a fortune laundering money for murderous regimes, drug cartels and Ponzi schemes.

Come on America! WE CAN DO THIS!!!!


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RE: Bain

I wonder if they watch The Godfather series weekly as a guide. I can see Willard saying "That is a good idea, lets use that."


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RE: Bain

Waitng for the OUTRAGE!


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RE: Bain

The trolls don't mind murder squads and drug money.

Figures.


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RE: Bain

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RE: Bain

A little sidebar concerning Nancy's post. There was a great documentary by Allan Francovich called "The houses are full of Smoke (1987). The director even interviews Aubuisson.

It's divided into 3 one hour segments, Guatemala, El Salvador and Nicaragua. I think it's on Youtube.

Also if you want to remember what happened in Chile, I'd recommend Patricio Guzman's films. " The Battle of Chile" is the most famous (1975-1979).

Here is a link that might be useful: The Houses Full of Smoke Part 2


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RE: Bain

And the source of the Kennedy Clan's fortune that helped elect John Fitzgerald Kennedy to the Presidency...alcohol prior to, during and after Prohibition controlled by Joseph Kennedy, sr. whose father was a saloon owner.

Want to continue? I can dig up dirt that might or might not have some truth to it as well. I believe this kind of c#$% about as much as I believe 9/1/1 was a CIA plot and that Obama was born in Kenya. Ingrid, not even Axelrod or the blond who keeps getting caught in lies(I'd love to see the dirt on her) pushes this kind of garbage because it is slander. It is an old accusation and is really, really stupid. There is simply no proof of wrongdoing. Stop drinking those double shots of kool-aid. It rots your brain. The only reason you post it is because you are a True Believer and you are desperate that there is even the slightest chance that the leader you have fixated on might lose. If that happened you would fall apart.


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RE: Bain

I wasn't aware of the old Kennedy running for President. Gotta love the justifying.

But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout--and a few of Romney's most important Wall Street donors made more than $4 billion. Their gains, and the Romneys', were astronomical--more than 3,000 percent on their investment.

Concealing it, no less. But that's actually peanuts--imagine the "Let Detroit go Bankrupt!" clan would have gotten the chance to Bain it.

Boy, talk about double standards. If this kind of information came out about Obama, conservatives, Fox news and Romney's campaign would be all over it.

The howling would be deafening.


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RE: Bain

ummm Detroit did go through bankruptcy. Just the kind that Romney recommended.


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RE: Bain

Profiting from murder squads and laundering drug money is fine and dandy.

Such "values".


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RE: Bain

Wow, took 87 posts and # 88 is by a resident denier that of course post about nothing related to the thread and obviously does not read the links. Then a second one gets on with zero comprehension of what the thread is about and brags about what Willard tried to do but was denied the opportunity then still did on a smaller scale but a key point of leverage to hold against the auto manufacturers to get a large portion of the bail out money for himself and friends. Just cannot understand why this floater is not in prison.


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RE: Bain

ummm Detroit did go through bankruptcy. Just the kind that Romney recommended.

You are the queen of Jon Stewart's mountain.


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RE: Bain

Bringing this up so we can remember what almost won the position of running this country. Worth a read for those that weren't here or chose to ignore it the first time around.


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RE: Bain

  • Posted by momj47 7A..was 6B (My Page) on
    Sun, Jan 20, 13 at 11:51

And don't forget this wonderful investment that Romney made.

There's profit to be made in everything.

Here is a link that might be useful: disposing of aborted fetuses


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