Thursday, August 30, 2012

Matt Taibbi — Greed and Debt: The True Story of Mitt Romney and Bain Capital

How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs – and stuck others with the bill
Rolling Stone
Greed and Debt: The True Story of Mitt Romney and Bain Capital
Matt Taibbi

After taking on the vampire squid and the financial sector, Matt goes after Bain and private equity. Matt is getting this down. Not Hunter Thompson's gonzo journalism, but just as devastating and more tightly argued.


SchittReport said...

hard hitting article but matt like agent starling is missing the root cause of romney's behavior. "he covets and begins by coveting your share of the pie".

mitt isn't just greedy for money or saddled with a cult fixation with predatory capitalism like gekko. he covets everyone else's share of the pie and in doing so, develop the ability to exert control and authority over everyone else, and finally to mold everyone in his image.

"Over the years, colleagues would anonymously whisper stories about Mitt the Boss to the press, describing him as cunning, manipulative and a little bit nuts, with "an ability to identify people's insecurities and exploit them for his own benefit." One former Bain employee said that Romney would screw around with bonuses in small amounts, just to mess with people: He would give $3 million to one, $3.1 million to another and $2.9 million to a third, just to keep those below him on edge."

haha - told you so... and this is actually further evidence of his hunger for authority and control.

Leverage said...


Good traits for a leader of the fascists america that is being created.

I think Romney will start a new war as soon as he gets into the presidency.And all the hypocrites conservatives will applaud the explosion of military spending while he cuts back social spending.

Is nauseating just thinking about it.