Monday, September 3, 2012

.@mittromney Look through exclusive documents detailing the FDIC's rescue of Bain & Company #p2 #tcot

To uncover the true story behind the Federal Deposit Insurance Corporation's $10 million bailout of Mitt Romney and Bain & Company, Rolling Stone made a Freedom of Information Act request that forced the FDIC to release more than 500 of pages of records. (The government, which was owed more than $30 million in all, had become a creditor to Bain when it took over the failed Bank of New England in early 1991.)

Prior to releasing the documents, the FDIC allowed Bain & Company to scour and redact the records. Dozens of pages were blacked out entirely, on Bain's claim that these nearly two-decade-old records contain secret "commercial or financial information." Most pages looked something like the image at left.



Read more: http://www.rollingstone.com/politics/pictures/mitt-romneys-federal-bailout-the-documents-20120829#ixzz25R0QOZn9

rest at   http://www.rollingstone.com/politics/pictures/mitt-romneys-federal-bailout-the-documents-20120829

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