“Mitt Romney Started Bain Capital with Money from Families Tied to Death Squads.”
So reads an inflammatory headline from the Huffington Post. The story, which is making its rounds on the left, uses innuendo — a standard feature of attacks against Romney — to suggest that the extended families of some Central American investors in Bain Capital’s launch were involved in killing civilians. It’s a hit piece.
Moreover, if there were anything to the allegations, the Obama Administration would have to explain why it met with one of the alleged hit-squad leaders twice this year.
As the story goes, when Bill Bain asked Mitt Romney to launch a private equity spin-off of his consulting firm Bain & Company in 1983, he stipulated that his protege would not be able to raise cash from current clients to shield them from the potential losses of the more risky venture. When Romney struggled to raise money, he successfully approached some “Central American oligarchs,” according to the article, to help get the business off the ground.
(Excerpt) Read more at humanevents.com ...
