A Place for Newt Gingrich Supporters and Volunteers
In 1991 Mitt Romney negotiated a sweatheart of a deal for Bain Capital and Himself. When the Bank of New England the creditor of a 38 million dollar loan to Bain Capital failed, the FDIC took it over... Mitt Romney was able to negotiate a 10 Million Dollar reduction of the loan..Romney made 4 Million Dollars in the deal...FDIC= Federal Deposit Insurance Corp. that is the taxpayers folks..
In Oct. 1993 Bain Capital, Co-Founded by Mitt Romney became a major shareholder in a Steel Mill in Kansas City MO. That Mill had operated since 1888, they renamed it GS Technoligies and later merged it with another Mill In South Carolina. Less than a decade later the Mills were padlocked and the Company declared bankruptcy in 2001. However the Kansas City Mill lost 750 jobs and workers were denied their severance pay and health insurance they'd been promised and their Pensions were cut by $400.00 per month. Whats more the Pension Fund was missing 44 Million Dollars and a Federal Government Agency, The Federal Pension Benefits Guarentee Corp. ( tax payers ) had to pony up 44 Million Dollars to bale it out......... Bain walk away with a Profit of 65 Million Dollars.
In 1990 Bain Capital purchased the controlling interest in Damon Corp. A Medical Testing Company.. Mitt Romney joined the Board of Damon Corp. to help manage the Company..2 whistle blowers tipped off the government and Medicare Fraud Charges were brought against Damon Corp...In 1996 Damon Corp Plead Guilty to Frauding Medicare, they were fined $35,273,141.00 as a criminal fine in addition to $83,726,859.00 to resolve related liabilities.. Total Fines 119 Million Dollars... This represented a recovery of $3 for every $1 that they Stole from Federal and State Healthcare Programs...The U.S. Attorney who prosecuted the case is quoted as saying "A case pure and simple of Corporate Greed Run Amok". The Company went Bankrupt in 2002, thousands of jobs were lost. Bain walk away with a Profit of 12 Million Dollars.
Ladies and Gentleman if your wondering why you don't hear this from the media that because Mitt Romney and Bain Capital own a Company called Clear Channel Communications. Clear channel owns 850 Rado Stations. Among them are Conservative talk radio, yes my friends Sean Hannity, Mark Levin, Glen Beck and Rush Limbaugh are all on Clear Channel. By the way they also own Yahoo.... I'm still doing research on lots of companies. More to follow..Please feel free to share this with friends and family both on facebook and twitter..
in part 2 we will talk about off shore accounts,, campaign contributions, and of course more company's going bankrupt... coming soon
Check his out and let me know if this is Capitalism
Everyone I have an idea: if you have any connection on twitter and Facebook to anyone in the media send this to them, if we can get this posted on there sites that woud ensure us that they are aware of it, it will be in their face so to say..lets all do our part to make sure everyone finds out about this medicare fraud.
You are on the right track. Romney refuses to release his tax returns until he has to, and then it will be too late. What is he hiding? I expect we are going to be in for some real surprises.
are you trying to help Newt or Mitt? look at the polls, since the Bain issue the gap between Mitt and Newt has grown every day. this is not a winning issue. i have lost track of how many people have told me they have gone from undecided to Romney in the past 10 days. it is making me sick. i have worked with private equity firms when they provided funding for the companies i was involved with. there are many good reasons not to vote for Romney, but PLEASE, drop the Bain issue. it's not fair, it IS anti-capitalist and worst of all, IT IS COSTING NEWT VOTES!! you are killing Newt's chance of winning the nomination.
another 13 minute member:: Whats the matter it dosn't make you madder than Heck that a company stole 40 Million Dollars from Medicare they plead guilty paid 119 Million dollar fine I know it makes me very mad. How about the 44 Million dollars missing in the Pension fund the tax payers had to eat.. Steam coming out of my ears. or 10 million dollar Bailout of there company.. The rich getting richer on the backs of the working class. Make me just want to yell.....................
to process what I just read... is astounding and yet I'm not surprised.
Red alert for all of us...not that we were not aware of the stench...we just couldn't make it out.
Americans held hostage to huge conglomeration of Networks that rule or at least influence our day in and day out footprints to which direction to go...like sheep..ching ching..
Wake Everyone Up!
http://crooksandliars.com/karoli/did-romney-and-santorum-profit-med... check this out folks...
I disagree - it's the Manner in which the Info is Delivered. Knowing Facts are Important . I knew Newt has had some "issues " in his Past - I also listened and Heard when he said he has Asked for Forgiveness & has Moved on. I Accept that. That Comment - We don't want a Mistress as a First Lady ? Really ? Wouldn't that be far better than a Angry Black Woman ? I just recevied a Email from Ron Paul trashing the Speaker- with a Clip that has been edited -- and it's Wrong. I think because Ron Paul has no Great Achievement to Point to - in 12 Terms he only has ONE piece that he Authored & maybe 4 that he Co-Authored. Anyway I want Facts about Romney - I don't have huge resistance against him - but my Inner Gut - has Red Flag Red Flag- that is why I Want to know how he made his Money. My husband said he had heard he made alot of Money by taking over Companies & then taking over there Pensions. That t me is Awful . . I had my 401 K disemmated as did many of my fellow citizens & it is Sad to find out that State Workeres & Federal Workers Get Great Pensions because of the Unions --All things I didn't know before. Knowledge is Power & I do want to know more.
My wife and I were on the development end of a large (5 million square feet) home furnishings market in Las Vegas. We have been with that company for 10+ years until Bain Capital bought it this past year. We have been terminated along with many more of the personel. This is what Bain does. They come in with basically a 5 year plan to eliminate as many people as possible and then take the profit.