Whether Private Equity News Today

Equity firm can do. but theyre talking specifically about how it transformed axle tech with the investment that it made from a regional manufacturer into a worlds leading supplier of specialty axles to the u.s. military. josh, dont private equity firms fit right into the model that is cat lichl capitalism in this co? as peter points out, there are these examples where the bets work. >> i respectfully disagree with peter. what mitt romney and maybe hes hiding behind is he brings up venture capita...

Not. dont private equity-owned firms, they often collapse, they dont always make it, correct? >> if they make enough bad bets, they will collapse. even if youre betting a lot of the banks money, youre still betting some of your own and if you dont do it right. but whether or not mr. romney has a swiss bank account is separate from whether private equity serves a useful purpose. i dont know that we want to outlaw it. im not surprised that most of the deals dont work out, if the other guest is cor...

Bookers, ed rendell, why have they gone off script? theyve been cast in certain roles. why are they finding themselves off message so frequently? >> i think in this case, its a very specific case of the relationship of these individuals to private equity, big money and maybe potentially even to bain. i think part of whats interesting here is seeing how much sort of the democratic party has done two things, one, democrats like republicans are as beholden to big money interest for their personal r...

Riveting, the most powerful talking about that? so they can take capitalism out of the conversation because everyone adores the free market. but is it about the value of the person that could be president? >> i dont think you can accurately attack mitt romney on his character or his values. and i think thats why youre seeing the left attacking on his business practices and try to paint him as an evil capitalist in his dealings with bain. but i think the american public is a lot smarter than this...

Elected. and now its just a feeling of disappointment that he hasnt been able to fulfill all of the things, all of the changes that he talked about. >> lets say good morning and bring in our political power panel for this wednesday. jamal simmons, s.e. cup as well as anne kornblut. great to see all of you. the obama campaign not letting up on the bain issue. i want to play for you what vice president joe biden said yesterday in new hampshire. >> folks, making money for your investors, which romn...