http://www.rollingstone.com/politics/ne ... l-20120829Greed and Debt: The True Story of Mitt Romney and Bain
long but well worth the read
my favorite zingers were
"Paul Ryan of Wisconsin – like himself, a self-righteously anal, thin-lipped, Whitest Kids U Know penny pincher who'd be honored to tell Oliver Twist there's no more soup left. By selecting Ryan, Romney, the hard-charging, chameleonic champion of a disgraced-yet-defiant Wall Street, officially succeeded in moving the battle lines in the 2012 presidential race."
and
"He's not a two-bit, shifty-eyed huckster like Lloyd Blankfein. He's not a sighing, eye-rolling, arrogant jerkwad like Jamie Dimon. But Mitt believes the same things those guys believe"
"Like John McCain four years before, Romney desperately needed a vice-presidential pick that would change the game. But where McCain bet on a combustive mix of clueless novelty and suburban sexual tension named Sarah Palin,..."
To crunch it down because itis a well written 5 page article, think of Bane like the mafia.
They go put like 5% down of their own cash on a company and then borrow the rest from a goldman sachs. Yet the company they bought with borrowed money has to pay Bane's loan which was just used to buy them and restructor them. How insane is that! They have no incensive to better the company at all it doesn't matter if it succeeds or not because they can just dump the assets pay their management fees and saddle some poor sap with massive debt they could care less.
