Hearsay. Define "true venture capitalist".<quoted text>
First of all, true "venture capitalists" deny that Bain (read: Romney) was a "venture capitalist" endeavor.
Listen to this about Romney: " ... some of his fellow Republican presidential hopefuls accuse him of being part of a 'destruction' side of capitalism’s 'creative destruction.'"
“Bain, at times, engaged in behavior where they looted a company,” former House Speaker Newt Gingrich said at a debate Sunday. Texas Gov. Rick Perry followed that up by likening private equity firms to “vultures” that feast on companies, collecting profits for themselves while issuing pink slips to workers....
"Looted" companies? Lol! How is it possible to "loot" what you own? Does one "loot" their checking account to pay their mortgage?
Give it a rest.