It's like putting ten percent down on a car, then using the value of that car to get another loan and repay yourself that ten percent and and maybe a little twenty percent... on top for your troubles and then walking away, leaving the car on the hook for the payments.
But, for Bain Capital to borrow money from other people, knowing that those debts might never be repaid, while still profiting themselves, I don't know. I don't know how I feel about that business practice. Does it make anyone else uneasy?
[video of Romney]:
I think it's simply immoral for us as a nation and as a generation, to keep spending more and more money, by borrowing money from other people knowing that those debts will never be repaid during our lifetimes.
I don't know who that ruggedly handsome guy is but I agree one hundred percent. So there you go and his pitch to Americans seems to be, elect me as your president. I have twenty five years of business experience doing something I believe this country should never ever do.