Source: N.Y. probing equity firms, including Bain
ALBANY -- An official familiar with the probe says New York's attorney general is investigating some of the nation's largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney.
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#1 Sep 2, 2012
I'm surprised the NY Dem machine is checking up on Bain...wow...surprise..surpris e.
Did they ever get into MF Global/JonCorzine or was that Holder's baby to squash ?
#2 Sep 2, 2012
Once this hits the air waves Bain is samll compared to this.
Ben Bernanke, Alan Greenspan and hive of other bankers objected to the audit lest they be caught with their pants down and, sure enough, we can now see their underwear. For fear of exposure, these master thieves lied to Congress about how the audit would affect the free market, hoping to derail the investigation.
The audit revealed that while Americans were beating the pavement for jobs that dont exist, watching their money deflate and the debt rise, The Fed (not part of the government) had loaned out $16T to US and foreign banks at 0% interest between 2007 and 2010 and virtually none of the money has been returned.
The list of recipients looks something like this:
Citigroup:$2.5 trillion ($2,500,000,000,000)
Morgan Stanley:$2.04 trillion ($2,040,000,000,000)
Merrill Lynch:$1.949 trillion ($1,949,000,000,000)
Bank of America:$1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom):$868 billion ($868,000,000,000)
Bear Sterns:$853 billion ($853,000,000,000)
Goldman Sachs:$814 billion ($814,000,000,000)
Royal Bank of Scotland (UK):$541 billion ($541,000,000,000)
JP Morgan Chase:$391 billion ($391,000,000,000)
Deutsche Bank (Germany):$354 billion ($354,000,000,000)
UBS (Switzerland):$287 billion ($287,000,000,000)
Credit Suisse (Switzerland):$262 billion ($262,000,000,000)
Lehman Brothers:$183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom):$181 billion ($181,000,000,000)
BNP Paribas (France):$175 billion ($175,000,000,000)
Americans were fooled into believing that only $800B (bad enough) was loaned out in the TARP bailout but that was just the tip of the iceberg. Goldman Sachs alone received $814B so we know the numbers were fudged and American citizens were duped again. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else," says Sanders.
While we sit and watch TV and pretend that everything is OK, the largest transfer of wealth in the history of the planet is seriously underway. Whats in your wallet?
#3 Sep 2, 2012
Is this really a transfer of wealth or creating wealth out of nothing. Is it that the Fed spoke and trillions came into being? Think of how fractional reserve banking will inflate the numbers even more.
(your link failed)
#4 Sep 2, 2012
Is this like the DOJ investigating Sheriff Arpaio in AZ....they just DROPPED charges and inquiry BECAUSE there was NO EVIDENCE of Prejudice.
It's time for Americans to stop this Obama witch hunt of white men.
NO in NOvember
NO to OWEbama
NO to more witch hunting white men
#5 Sep 2, 2012
wow-U got da # ;-0000000h, MI-mission impossible! hope Mitt wil accompolis 4Bushy;)
#6 Sep 2, 2012
So far, Mr. Romney has released his 2010 tax return, minus some important attachments relating to his overseas investments.(He will release his 2011 tax return October 15.)
As his father George Romney said, when he released 12 years of his own taxes during his presidential run, "one year could be a fluke, perhaps done for show."
Mr. Romney is running for President of the United States.
This is a position of Trust.
Ronald Reagan said, "Trust but Verify."
Mr. Romney has said, "Trust me," re his tax returns.
It is not unreasonable for voters to want to "Verify.
What is the single issue on which Mr. Romney has never flip-flopped? He stands doggedly firm on never, under any circumstances, releasing his tax returns.
It is not just liberals who want to see Romney's tax returns.
It is 63% of American voters who do.
The longer Mr. Romney delays, the more suspicious it appears.
Obama released 8 years of tax returns
GW Bush 10 years
Clinton 12 years
GHW Bush 14 years
George Romney 12 years.
What is there to hide?
#7 Sep 2, 2012
Witch hunt. Desperation.
NYT of NY was caught this week asking a government department to review her article before publication.
MSNBC is being investigated for receiving Obama spendulous money on advertising as comapaign donor kickback.
ABC reporting that Eastwood was cut out of a 2 minute RNC featuring 8 speakers. LOL. Creating news out of air.
1. NYT, MSNBC and ABC,
2. Or if you read or watch, call companies advertising on these channels to let them know you & friends are boycotting their products because they usethese channels
3. Tell everyone else who cares about America.
We will NEVER HAVE ANOTHER CHANCE TO ELECT AN OUTSTANDING PRESIDENT LIKE ROMNEY.
Only our hard work, each and everyone of us, will bring the US back from the brink of disaster created by Barack.
#8 Sep 2, 2012
No one who matters cares.
In a Kindness Competition, Romney Wins over Obama by a Landslide
Democrats want us all to know that Mitt was born rich, as if that disqualifies him from being an excellent president. Romney inherited a fortune from his father, who was an all-American rags-to-riches story, a working man who never graduated college and went on to head American Motors. But listen to this: Mitt Romney turned around and gave away every dime he inherited to charity, honoring his father's memory by funding a school of management in his honor. I've never heard of anyone who has done that -- give away his entire inheritance.
Mitt earned his own wealth, and he has always been generous with his money. Both Mitt and Ann have volunteered and given prodigiously their whole lives. Mitt and Ann gave away 13%-19% of their income the last two years. That is two to three times the norm for philanthropy.
Giving to their church heads the Romney list. The Democrats want to make tithing sound like a bad thing, something required and therefore meaningless. The Mormon church should be honored and famous for its charitable efforts. From 1985 to 2009, for example, Mormons donated over a billion dollars to humanitarian aid in 178 countries.
In addition to giving to and through the Mormon Church, the Romneys' main donations are to cure cancer, multiple sclerosis, and cystic fibrosis; to help the blind; and to help disadvantaged inner-city youths and disabled youths. They have given to libraries, to AIDS victims, to Harvard. In addition, Romney in 1997 created and led the Bain Capital Children's Charity Ltd., which spends more than $1 million annually on youths. Romney served for years on Boston's City Year, a group that works to help at-risk kids stay in school and graduate.
The Romney family commitment to help underprivileged children dates back to when Ann and her five boys saw a vehicle carrying a group of boys to a Massachusetts Department of Youth Services detention center. Ann became a remarkable volunteer.
She was a director of the inner-city group Best Friends, for teenage girls. She was a volunteer for the Ten Point Coalition for urban youths and for Families First, a parent education program. She was a volunteer instructor of middle-school girls at the multicultural Mother Caroline Academy in Boston.
She served on the board of the United Way of Massachusetts Bay, again focusing her work on at-risk youth. By 1996, she was a member of the Massachusetts Advisory Board of Stand for Children.
During the 2002 Winter Olympics effort, she co-chaired the Olympic Aid charity, whichs provides athletic activities and programs for children in war-torn regions.
Charitable giving does reveal who a person is. Romney went to the NAACP to deliver this message, in a speech that received several standing ovations, but I doubt anyone there knew that the Romneys have been helping the black community for many years.
And these are only some of his and Ann's volunteer work. Barack and Michelle's volunteer past is a JOKE. No offense, but they PALE in comparison to the Romney's.
#9 Sep 2, 2012
Son - Dial 1 Before 2 Make The Call...
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