Post by elalacran on Jan 23, 2012 12:37:18 GMT -5
Here's the website of Bain Capital. www.baincapital.com/AboutBainCapital/Default.aspx
Bain Capital has been described as a "venture capital" investment company, and there is mention of venture capital on their website.
However, most if not all their activity in the United States is in the purchase of companies that are undervalued with respect to assets. It is a SALVAGE operation.
Like shipbreaking, where the shipbreaker beaches the ship and then cuts it apart with saws and blowtorches. Like taking a dented '57 Chevy and dismantling it because the value of its parts exceed the value of the intact car. Like collecting copper pennies and melting them because the value of the metal exceeds the value of the coin.
Is that what government needs? Maybe so. But only in a remote way is Romney a creator of jobs.
Bain Capital has been described as a "venture capital" investment company, and there is mention of venture capital on their website.
However, most if not all their activity in the United States is in the purchase of companies that are undervalued with respect to assets. It is a SALVAGE operation.
Like shipbreaking, where the shipbreaker beaches the ship and then cuts it apart with saws and blowtorches. Like taking a dented '57 Chevy and dismantling it because the value of its parts exceed the value of the intact car. Like collecting copper pennies and melting them because the value of the metal exceeds the value of the coin.
Is that what government needs? Maybe so. But only in a remote way is Romney a creator of jobs.