Ron Paul in Banned 20/20 Interview (3 of 6)

Part 2: https://twentiesfreedom.wordpress.com/2012/03/06/ron-paul-in-banned-2020-interview-2-of-6/

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Romney Got $10 Million Federal Bailout at Bain

Mitt Romney received a $10 million bailout from the Federal Deposit Insurance Corp. in 1991, an event that runs contrary to the multimillionaire’s current anti-bailout position.

Documents obtained by the Boston Globe show that the FDIC negotiated a $10 million forgiveness with Bain & Co. while Romney was chairman and CEO in 1993.

The negotiations were part of a deal designed to reduce the debt load at the company, which was near bankruptcy. The FDIC had been forced to seize Bank of New England, who was a creditor of Bain’s.

In 2008, in a New York Times op-ed titled “Let Detroit Go Bankrupt,” Romney argued  that “Detroit needs a turnaround, not a check.”

In May of 2011, Chrysler succesfully paid  the U.S. Treasury back $5.1 billion from its federal bailout, while a study found  that 1.14 million jobs were saved by the bailout of the auto industry.

The Romney Con

Mitt Romney is a two-faced phony! The man is consistently inconsistent on all political matters. He is a big government Neo-Conservative who receives massive contributions from Wall-Street lobbyist.  There is a candidate who values honesty, morality and consistency. The one, the only, Ron Paul.