General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan it be that one of Mitt's reasons for not releasing his tax returns is ...
while at Bain he was either paid by the Chinese or used Chinese capital to buy American companies so they could be relocated to China?
cindyperry2010
(846 posts)snappyturtle
(14,656 posts)When shopping early this year for a small apartment washing
machine, I came across a manufacturer of such by the name of
Haier. I looked them up as I had never heard of the company
before. It's a Chinese state owned company, since 1949, who in
2005 backed by The Blackstone Group (private equity) and Bain
sought to buy Maytag! Fortunately, their bid ultimately failed
and Whirlpool won out. So Bain was operating in a Rmoney-esque
manner after his supposed departure. I just don't trust the guy!
Backing a Chinese state owned company! wow.
RC
(25,592 posts)An investigation for Treason right before the election. What could be better? A paid employee of the Chinese government.
SDjack
(1,448 posts)rMoney with commissions and front money to buy it. rMoney pays out big cash to Bain as bonuses, borrows money to keep the company going, company defaults on debt payments, Bain takes it into bankruptcy, fires workforce, claims pension fund to satisfy debts, sells production equipment and intellectual property to Chinese clients. If that happen, it would be fraud. But, can such events be teased out of rMoney's tax returns? Probably need the Bain financial books (the REAL books, not the fake set for the IRS).
If rMoney did this, it should cast suspicion on the CEOs of all companies that went bankrupt, delivered the pension fund to the creditors, and sold the dead company.
uponit7771
(90,363 posts)...involved in Bain but most LIKELY took involvement like tax deductions from them or got involvement like salaries.
For most of the rich the SEC could care less what they do...
for a presidential candidate the SEC might have to look like it might do something...
Better hide then get perp walked
lunatica
(53,410 posts)It seems to be perfectly legal now.