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Saturday, October 20, 2012

Under Romney, Bain Capital's investments had a 30% failure rate. Meanwhile, the "green energy" portion of the stimulus has a 2.6% default rate. That includes Solyndra. [Reddit Politics]


Relevant Romney link:


http://online.wsj.com/article/SB10001424052970204331304577140850713493694.html


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.


Relevant stimulus link:


http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/10/04/a-closer-look-at-obamas-90-billion-for-clean-energy/


Yet of the 33 companies that have received loan guarantees, just three are in bankruptcy—including Solyndra, which could cost the government up to $535 million. (The other two firms are Abound Solar and Beacon Power, which is still operating and has largely repaid its federal loan.) Additional companies could eventually fail, but for now, the default rate is just 2.6 percent for one program in the stimulus.



submitted by MLS_Analyst

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