American Pad and Paper was a 20-bagger—that is, $5 million was invested in 1992 for a $100 million profit, a miraculous outcome for Bain, but hardly so for the Ampad workers and shareholders left holding the bag when the company went bankrupt in 1999 with massive debt.
Tuesday, October 16, 2012
THIS ISN'T USEFUL CAPITALISM
Bain Capital was mostly playing an insider's rigged game according to David Stockman:
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2 comments:
Does anyone believe Romney is going to embark on protectionist/economic nationalist programs against China or anyone else if he assumes office?
Maybe Perot believes it, as he has come out for Romney.
Frankly, I can't see how anyone can take seriously anything Mitten$ says
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