Heard this a.m. Romney's bailout of his Bain partners cost the FDIC, aka, taxpayers, $30 million.

[No Elephants]

I bet it was more though, because he bankrupted the Bank of New England by dragging his feet to get a better deal.

And I assert he did that deliberately, knowing he could get a better deal from the FDIC than the officers of a solvent bank would give Bain. So, whatever the full cost of having the FDIC run Bank of New England was, you can blame on Romney.

This DU 2 thread lays it out. It's called "it's not called Romney capital. If you own a business, you did not build that." And it shows how many people helped Romney learn business and then acquire Bain Capital, including the" American taxpayer.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2486151

When I posted the thread, I did not know that one of the main themes of the Republican convention was going be how Romney "built that' with no help from anyone, including Bain or the American taxpayer.

By the way, reading between the lines, it seems to me that Romney screwed Bain and his partners at the parent of Bain capital, too.

I would rather vote for an empty chair than an empty soul.

[Enthusiast]

1. The American tax payer subsidizes vulture capitalism.

Because anything else is just socialism. :rofl:

[No Elephants]

2. Good one, enthusiast!

As Colbert might say, "It's funny 'cause it's true."

The left gets outraged because Romney lies about workfare, when the left should be outraged that one Democratic President instituted workfare and the other "strengthened" it.

But a trillion dollar bailout of people who had just destroyed the economies of several nations and countless pension funds, etc. is oh, so 2008.

We have a small number of welfare cheats who maybe supplement welfare with a very low paying job so they can give a kid something for Christmas and we demand to "end welfare as we know it" to "fix" those people.

We have doctors and nursing home owners systematically bilking Medicaid and Medicare of millions and we, for example, elect them Governor of Florida.

Politicians didn't wait problems, but they didn't want to raised taxes, either. So, they got public sector unions to trade away salary for pensions. Consequently, we have people who worked for the state or city all their lives for relatively low pay.

Then, when it is finally time for them to collect their end of the bargain, we elect Governors like Christie and Walker to make sure government doesn't have to give them their end of the bargain. Referring to public sector pensions, Democratic strategists say on MSNBC that Obama should not have to "defend the indefensible" in Wisconsin.

We're such a funny, self-defeating people.