Another Bad Day for Romney! Dems Ask Feds Look into Bain Ethics Filings, 1985 Romney Clip Emerges: “Bain to ‘Harvest’ Companies for Profit”

Posted on September 27, 2012. Filed under: Uncategorized | Tags: , , , , , , , |

This video is going viral, just as news that a Democratic group is requesting that the Justice Dept look into Romney’s Bain Capital ethic filings.

More from Mother Jones, who released the clip:

    At Bain, Romney’s top priority wasn’t to boost employment. As the Wall Street Journal recently noted, creating jobs “wasn’t the aim of Bain or other private-equity firms, which measure success by returns produced for investors.” And, the newspaper reported, Romney’s 100,000-jobs claim is tough to evaluate.

    Mother Jones has obtained a video from 1985 in which Romney, describing Bain’s formation, showed how he viewed the firm’s mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then “harvest them at a significant profit” within five to eight years.

    The video was included in a CD-ROM created in 1998 to mark the 25th anniversary of Bain & Company, the consulting firm that gave birth to Bain Capital.

Here is the letter filed with the Justice Department:

View this document on Scribd

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