Logic exercise: Mitt wanted to take over GM with a Bain style buyout

[bigbrother05]

Just based on observation, no proof, just following some threads of thought:

Romney proclaimed that GM should be allowed to go bankrupt and seek private funding to restructure. It was already clear that GM had been seeking private investors without much success, so why the hard line from a self professed "car guy"?

Mitt's background was putting together investment packages to buy troubled companies at bargain prices. What could be a bigger coup for George Romney's son than to arrange for his friends to buy the car company and anoint him to run it? Just as he rescued the Olympics, he could polish his resume while outdoing his Dad. GM is a much bigger deal than American Motors and what better way to set himself up for 2012?

How pissed off would you be if President Obama ruined your chance to be the white knight, job creator who could do a Lee Iacocca turnaround without government money?

Again, I have no evidence, but there is a feeling in my gut that this could have been the a major motivation behind Mr. Car Guy wanting to leave GM hanging out there for the vultures.

[Angry Dragon]

1. Makes sense

[bigbrother05]

3. Just kind of followed the train of thought on how Mitt would befit from GM going down

Even though he is out of Bain, henous enough influence to put the different parties together for the investment if he let it be known that he would be willing to hands on manage it.

Buy cheap and move on in a couple of years with a lot of publicity, perfect for 2012.

[hollysmom]

2. I logged out on Romney when he claimed he saved GM because they followed his plan.

[bigbrother05]

4. Shows how he just had to be the hero of Detroit regardless of the facts

Think he was trying to shoo off the competition until the price was right.