" Bain Capital which had acquired controlling interest of GST Steel in 1993 for $24.5 million." Note: not SOLE interest.Like Romney was no longer affiliated with the Georgetown Steel fiasco? It doesn't matter what you do with the remains after someone or something is dead. If you cannot see the philosophical hypocrisy in profiteering off abortion and supposedly opposing abortion,, our thought processes are certainly not equal
Romney had left Bain in 1999 before the bankruptcy. Employees noted that Bain had loaded the company with debt while earning profits ($58.4 million). At the time of its bankruptcy it said it owed $553.9 million in debts against $395.2 million in assets. In 2002 it was revealed the company had underfunded the pension for employees by $44 million" not " The South Carolina plant closed in 2003. That plant reopened in 2003 with a different owner (International Steel Group) later Mittal Steel and later ArcelorMittal. During the 2012 U.S. Presidential election laid off plant worker Joe Soptic was featured in an advertisement against Romney claiming that his wife died of cancer after he lost his health insurance in the closing. The ad stated "When Mitt Romney and Bain closed the plant, I lost my healthcare, and my family lost their healthcare. And a short time after that my wife became ill." An investigation by the Washington Post showed that Soptic's wife had died of cancer in 2006 five years after the plant closed and that she had her own health insurance at the time of the closing but lost it after she left that job in 2002." As usual, your politics blinds you to FACT, as you walk down the yellow brick road.