Wednesday, October 17, 2012

Bain, Bain, Go Away . . .

Bain Capital is a product of the Great Deformation. It has garnered fabulous winnings through leveraged speculation in financial markets that have been perverted and deformed by decades of money printing and Wall Street coddling by the Fed. So Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise.
[source] - David Stockman (Regan's Budget Advisor)

This has got to hurt, Mitt.