Under Bain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

On Sept. 21, 1946, Harry and Joseph Kaufman opened a toy store at 70 Columbus Ave. in Pittsfield. KB Toys prospered, changed owners a few times and, by 2000, was one of the largest toy retailers in America, with more than 1,000 stores in malls across the country. That year, KB Toys was bought for $302 million by Bain Capital, a private equity firm headed by future Massachusetts Gov. Mitt Romney. Under Bain, the company borrowed heavily, used much of that money to pay Romney’s firm a large dividend, and went out of business in 2009. America used to make things. Today, its principal activi...

Credit. there's one thing he's got at doing. that's making money. the problem for him is coming back to haunt him. here's the infamous picture of willard during his time at private equity firm bain capital. this week we're learning his 'still making millions. under his retirement deal, he got up to $13 million from bain in the last year alone. but willard does not want us to know it. >> i can tell you we follow the tax laws, and if there's an student to save taxes, we, like anybody else in this country, will follow the opportunity, but we don't have any current plans to release tax returns. bu...

Are jnauseated. this is the only one out there right now. let's listen. >> ways a steel worker for 30 years. we add reputation for quality products. it was something american-made. and we weren't rich. but i was able to put my daughter through college. >> a paying job that you could support and raise family on is hugely important. >> that stopped with the sale of the plant to bain capital. >> like a vampire. they came in and sucked the life out of it. >> like watching an old friend bleed to death. >> what's wrong with the ad, governor? >> well, the vampire stuff is a little strong. when i said...

It. apparently it's the only one they're talking about. let's listen. >> i was a steel worker for 30 years. it was something that was american made, and we weren't rich, but i was able to put my and raise a family on. it's hugely important. >>. >> it's like watching an old friend bleed to death. >> what's wrong with the ad, governor? >> well, the vampire stuff is a little strong. when i said the tone of the ad, the other stuff is very legitimate because governor romney put on ads during prit marries about workers that bain helped supposedly get their jobs, so this is fair game. and i think the...

The other stuff is verilied mat. romney put on ads that bain helped people get their jobs. this is fair game. i think the obama campaign should have stayed with that. that under bain, x number of companies went bankrupt. that's not the case for a lot of priefr at equity firms. it is for some but not for all. plenty of good grounds factually. but vampire, that got me as a little off in tone. but again, i think what john said is right. this is the central issue in the campaign and this is romney's claim to why he will be a good president. so it's got to be examined, chris. it's got to be. >> let...