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The Manitowoc Company, Inc. Message Board

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  • spencer.templin spencer.templin Jan 19, 2012 12:55 AM Flag

    romney the vulture

    Do you even know what you are talking about?

    Are you referring to the Steel Dynamics PP partnership, or the GS industries?

    Bain sold out of Steel Dynamics with a tidy profit and the taxpayor lost nothing. GS industries went BK back in 2001 and left the gov't with a 50 mil loan guarantee, but what did Bain lose?

    Romney acting as Bain's lead underwriter on the deal had to justify the investment to investors, that is who he represents. There were investors in the leverage used at GS and this included banks, pension funds, and private investors and they too lost substantail amounts on the deal. Bain on the other hand, did not lose money. I want the person managing my money to act like Romney, not like the US gov't or the investors who bought the junk steel mill paper that ultimtely took down the company.

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