by Sherry Mann
The National Review editors recently wrote, “Mitt Romney ran a firm that invested in struggling businesses, made money, and never asked for a bailout,” and described any attacks on his Bain record as “asinine”.
On October 25, 1994, the Boston Globe wrote, “Republican Senate nominee Mitt Romney’s rescue of a business consulting firm was achieved, in part, by convincing the Federal Deposit Insurance Corporation to forgive roughly $10 million of the company’s debts, according to sources close to the deal and federal records obtained by the Boston Globe.”
David Shuster commented on this in the January 11, 2012 edition of Countdown, “…In other words, not only did Romney ask for a bailout, he received one. And let’s be clear — when any institution lets you or your company forgive and forget a ten million dollar debt, that is a bailout.”