Romney's track record at Bain: 22% of companies filed for bankruptcy or closed their doors

[jefferson_dem]

Examining Romney's Business Record

The Wall Street Journal examined 77 businesses Mitt Romney invested in while running Bain Capital from its 1984 start until early 1999, to see how they fared during Bain's involvement and shortly afterward.

"Among the findings: 22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested, sometimes with substantial job losses. An additional 8% ran into so much trouble that all of the money Bain invested was lost. Another finding was that Bain produced stellar returns for its investors -- yet the bulk of these came from just a small number of its investments. Ten deals produced more than 70% of the dollar gains."

http://politicalwire.com/archives/2012/01/09/examining_romneys_business_record.html