vulture capitalism

Romney and his firm made $175 million while Stage Stores was driven to bankruptcy. Stores in WI, OH, PA, MI, and IA were closed. Nearly 6000 workers lost their jobs.

Pat Wells: "With Romney and Bain Capital the objective was to make money."

Reuters 1/6/2012: "The mill was padlocked and 750 people lost their jobs."

Pat Wells: "Whether the companies they came in and worked with was irrelevant. Bain Capital always made money."

DGA Chair Martin O'Malley joins Ed to talk about the 2012 Republican primaries and Mitt Romney's lack of a job creation record.