Keep going, Carol. I already proved my point. Didn't you read your own Republicans calling Romney a job killer?<quoted text>
Like some 2,300 other such U.S. equity firms, Bain looks to buy companies that are underperforming or undervalued and turn them around.
Far from "looting," this is a vital contribution to capitalism and corporate governance.
Some companies bought by private-equity firms suffer job losses after a buy-out because the companies were underperforming.
The critics don't mention the companies acquired in private-equity transactions create more new jobs.
Chrysler and GM might have turned around earlier with fewer job losses and without any taxpayer cost had they been bought by private equity two or three decades ago.
Think of Obama "investing" in Solyndra. Only he didn't use his own money. He used ours. And it still went under.
Are they liars?
There are many equity firms that invest in companies that turn them around. I never said they were all bad.
And then there is Mitt Romney. Made millions while he sent thousands to the unemployment lines.