bain

With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went.

 With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.

Cuando se trata de American Pad & Paper (Ampad), Mitt Romney y sus socios tomaron un pequeña compañía exitosa que producía productos de papel y la fusionaron con otras compañías en la industria, ahogándola en deuda conforme pasaba el tiempo. Al final, la compañía no alcanzaba pagar los intereses sobre la deuda y se tuvo que ir a la bancarrota.

Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt.

Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt.

Mitt Romney's message was clear: "Let Detroit go bankrupt." There's little question he made a fortune from businesses he helped destroy.

Romney pocketed huge fees shortly before companies collapsed. Even when the businesses failed, Romney came out ahead.

Are those the values we want in an American president?