bankrupt

Randy worked at Ampad when Romney Economics came to town.

Cindy worked at Dade when Romney Economics came to town.

John worked at GST Steel when Romney Economics came to town.

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.

Mitt Romney in February:

"I'm not sure which is worse; him listening to Reverend Wright or him saying that we must be a less Christian nation"

Does he stand by his comment?

"I'm actually going to --I haven't, I'm not familiar precisely with exactly what I said, but I stand by what I said, whatever it was."

What else does he stand by?

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.