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r3020
Senior Advisor

Dumbrats love bain capital

If bain is such a fraud the dumbrats should divest of all of their holdings of bain capital immediately and give all proceeds to those whose lives bain capital destroyed.

 

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Maryland governor Martin O’Malley, who is giving a keynote address tonight at the Democratic convention in Charlotte, is a beneficiary of Bain Capital, the private equity firm Republican presidential candidate Mitt Romney helped create.

The irony is that Democrats have tried to argue, throughout this campaign, that Bain is bad—that the company has put other, smaller companies out business, and helped ship American jobs overseas.

But, when O’Malley retires, he’ll receive $135,000 annually from the Maryland state retirement and pension system. He’ll be “collecting a $75,000 pension for serving as governor on top of the $60,000 annual pension he already receives for his terms as Baltimore City mayor and council member,” the Baltimore Sun reported last month.

And at least part of that money will have come from Bain investments. Maryland’s state retirement and pension system has money in: theBain Capital Fund IX, the Bain Capital IX Co-Investment Fund, the Bain Capital Fund X, and the Bain Capital X Co-Investment Fund, according to retirement fund’s annual report.

 

http://www.weeklystandard.com/blogs/dem-keynote-speaker-beneficiary-bain-capital-refuses-release-tax...