What's the deal with the $10 million Romney got in debt relief in the 90s for Bain?

[northeast]

I just wanted to add that paying taxes on $10m isn't the same as paying the full debt, but it wasn't a totally free $10m.

Prove that he paid any taxes on the 10 million, that is speculation. He might have been offsetting other losses.
Let's see the details! (Fancy horse ? ha ha joke, no. but maybe. who knows? not us)
However, whether it was a full 10 million of free money or a little less is really not the point, but yes, debt forgiveness might be taxed, good catch.

 

[Stoked]

Prove that he paid any taxes on the 10 million, that is speculation.
Let's see the details!
However, whether it was a full 10 million of free money or a little less is really not the point.

And yet you are willing to crucify him without those details.

 

[northeast]

Just 4-5 years ago he was talking about complete government intrusion of the electronics industry. Yes, he said that he wanted all computers sold to have a filter on them to block out porn.
!

I would think that a porn filter could more cost efficiently done on a distribution level, without adding costs to the individual computers.
While they are at it, they could probably cost effectively shut down 95% of the virus and malware industry too and save the public trillions in costs and trouble, which I would support.

 

[northeast]

And yet you are willing to crucify him without those details.

youre an idiot stoked
crucify?
so he is your Jesus, the persecutor of the poor?
and I am killing him if I don't want to vote for him?
why shouldn't we have more details about his past.
My analysis is based on available information.
yes i would like more details, why not talk about his past if he is running for public office. .

If people did this more, maybe we could have avoided some of our previous disaster heads of state.

 

[nightmare3983]

Here's an interesting take on it from the Washington Post.

https://www.washingtonpost.com/blog...n-and-company/2012/07/24/gJQAvzSh7W_blog.html

 

[Stoked]

youre an idiot stoked
crucify?
so he is your Jesus, the persecutor of the poor?
and I am killing him if I don't want to vote for him?
why shouldn't we have more details about his past.
My analysis is based on available information.
yes i would like more details, why not talk about his past if he is running for public office. .

If people did this more, maybe we could have avoided some of our previous disaster heads of state.

Woo! Spin that **** North! Spin it!!!! Hot damn look at you go!!

Is any one videotaping this? You should. 1 million youtube hits easy...

 

[northeast]

Should have let them go bankrupt IMO. It all stinks.

 

[franklin]

Here's an interesting take on it from the Washington Post.

https://www.washingtonpost.com/blog...n-and-company/2012/07/24/gJQAvzSh7W_blog.html

Thanks.

Meanwhile, Bain & Company also owed $38 million to the Bank of New England. But the Bank of New England had made many bad loans, faltered and by early 1991 had been seized by the federal government. The Federal Deposit Insurance Corp. sold the bank to Fleet Financial, a Rhode Island bank, and a Fleet subsidiary was tasked with trying to collect on the outstanding loans.

Where's Northeasy and Salty to cry about the poor stock and bondholders of the Bank of New England?

 

[northeast]

Where's Northeasy and Salty to cry about the poor stock and bondholders of the Bank of New England?

yea, it sucks, which is why I asked where the 10 million came from... so why are you attacking me , instead of the scumballs at Bain, and other rich guys that didn't pay their debts?

 

[Hartsock]

Give me my 10 million and we can call it even.

If you were successful I'm sure you would get your 10 mill too

 

[northeast]

If you were successful I'm sure you would get your 10 mill too

Good point.... the reason Bain got a free 10 million is because they were rich, I agree.
If I was a billionaire I might be tempted to set up subsidiaries to do stuff like this too, ya got me.

 

[franklin]

Should have let them go bankrupt IMO. It all stinks.

Because bank runs and the resulting societal collapse would be awesome? Good hell, yup yup. What kind of sicko cheers for the children to starve and go without the basic necessities of life?

 

[nightmare3983]

Good point.... the reason Bain got a free 10 million is because they were rich, I agree.
If I was a billionaire I'd be tempted to set up subsidiaries to do stuff like this too, ya got me.

Do subsidiaries have anything to do with this thread? Stay on topic

 

[Stoked]

Do subsidiaries have anything to do with this thread? Stay on topic

Incoherrent, nonsensical, illogical rambling by northeast IS the topic.

 

[northeast]

Because bank runs and the resulting societal collapse would be awesome? Good hell, yup yup. What kind of sicko cheers for the children to starve and go without the basic necessities of life?

The bank did go bankrupt, I was talking about letting Bain go bankrupt, and not letting them stiff the banks, dumbaszz.
You were smarter yesterday, you've the stink of stoked on you in this thread.

 

[northeast]

Do subsidiaries have anything to do with this thread? Stay on topic

Yes, they do, I am lumping spinoffs and subsidiaries together here. Again, we don't have all the details, but did you read the article? We are talking about multiple companies operating within the same umbrella.

 

[northeast]

I will concede here that Franklin and Stoked are too disingenuous to have a constructive discussion with about anything, so you guys win, I'm done.

 

[Stoked]

The bank did go bankrupt, I was talking about letting Bain go bankrupt, and not letting them stiff the banks, dumbaszz.
You were smarter yesterday, you've the stink of stoked on you in this thread.

and you have the stink of ****.

 

[Stoked]

I will concede here that Franklin and Stoked are too stupid and cheating to have a constructive discussion about anything with, so you guys win, I'm done.

How in the hell do you "cheat" on a message board?

 

[nightmare3983]

Yes, they do, I am lumping spinoffs and subsidiaries together here. Again, we don't have all the details, but did you read the article? We are talking about multiple companies operating within the same umbrella.

Bain and Company and Bain Capital aren't under the same umbrella. They're separate companies.