What Bain News Today

Hartigan has been hit by a fierce backlash over plans to sell the 178-year-old mutual to US private equity giant Bain - and he is exasperated.

Thats particularly true for a little financial company called bain capital, founded and headed the up for 15 years by mitt romney. what bain does is rain tens of millions of dollars, invest into businesses, give some business advice, and sell their shares to the public at a profit. in other words, this is a company that became one of the top private equity firms today. and in the process, they helped revolutionize american capitalism, which has been a boon for private equity and some of their sh...

Thats particularly true for a little financial company called bain capital, founded and headed the up for 15 years by mitt romney. what bain does is rain tens of millions of dollars, invest into businesses, give some business advice, and sell their shares to the public at a profit. in other words, this is a company that became one of the top private equity firms today. and in the process, they helped revolutionize american capitalism, which has been a boon for private equity and some of their sh...

That ad from these conservatives supporting newt gingrichs candidacy looks exactly like the presidents criticism and attack ads against bain and against mitt romney, which just shows you where were at. we look at so many things through a partisan lens, but the truth is there are so many larg larger realities in this race. people concerned about jobs and employment have a very negative view of what bain and these companies did. and thats bipartisan. >> and that was a view that was shaped first by...

And tried to define romney in the space between the primaries and the conventions when romney was a blank slate. people didnt know who he was. you heard a story you told about bain capital that romney didnt counter and didnt even counter at the conventions really. he didnt really explain what bain did. >> he personally didnt. other speakers did. >> they tried. in a way that would say im going to do for you what i did for all of these wealthy investors. somehow im going to make you better off and...

And tried to define romney in the space between the primaries and the conventions when romney was a blank slate. people didnt know who he was. you heard a story you told about bain capital that romney didnt counter and didnt even counter at the conventions really. he didnt really explain what bain did. >> he personally didnt. other speakers did. >> they tried. in a way that would say im going to do for you what i did for all of these wealthy investors. somehow im going to make you better off and...

Distinction between managing and controlling something. these are all s.e.c. documents of companies that bain owned a part of. they were required to file on them because they were owners, they controlled them. you can say that sounds like you ran the thing, you were in charge. its a reflection of ownership, not about who manages it. we are harvey pitt on the record saying the s.e.c. doesnt care in this context whos managing it. the question is hes making money from all of it. >> then why is it t...

From stephanie cutter saying that this was a felony type of action. those are really strong words. if thats the line of attack that the obama team wants to use, where are the teeth in this because they dont have prime examples other than saying that he was on the filings for the s.e.c. until 2002. they dont have any daily meetings or anything like that to back up this assertion that he was overseeing what bain was doing. >> well, what stephanie said rightfully so is that either mitt romney was l...

With you, david. the president is campaigning in cincinnati tomorrow. but overall, the latest quinnipiac poll thoeg the president leading by nine points or so, other polls show the race a bit closer. what do you expect the president to say in cincinnati tomorrow? >> i think you will see a lot more of the tsourcing argument that he carried into virginia the last two days. the president doesnt really mention bain specifically on the campaign trail. but he does talk about that mitt romney invested ...

Bain is doing? what is he ashamed of? this is what bain did. we know what private equity does and a huge debate partly because of this campaign and partly because of this book and private equity is good for capitalism and destructive or not. why be ashamed and why be defensive about a single plant that closed and happen to happen two years after you were running a day-to-day. look, this is how it works. >> you say ashamed and i see great pride. >> but he doesnt see great pride. >> bash romney ov...