Wednesday, August 8, 2012

Families of Bain Capital's original investors had ties with El Salvador's infamous death squads

Families of Bain Capital's original investors had ties with El Salvador's infamous death squads
"When Mitt Romney decided to take up the offer to launch Bain Capital in 1983, he initially found financing difficult to come by. And so, after some initial misgivings were conveniently overcome, he flew to Miami to meet with some Salvadorans. And he returned with pledges of $9 million, 40 percent of Bain's start-up capital. Thus did the Bain buccaneer lay the foundation for his fortune."