not all gsi to ebay for more than $2 billion. >> am i doing better? >> greg should be around in a little bit and let us know how you're doing. >> there came the man to fire him. he's not done there. michael ruben took the straps ebay didn't want. he's growing those into a billion dollar business. mike kra of investors business daily. it's on a different network so i don't to want talk about "undercover boss" too much but you sold a company for $2 billion, you can't get a stick other a books? >> i was not a very good warehouse employee. i gave it my best effort. i remember going down to film the show, hey, should i give this my best effort? i'm a young, cool guy, i'm going to be really good and i was fired six hours later. it was pretty depressing. >> that must have been a great education. what did you learn from that show? >> it was a great education and very demoralizing. first thing i learned the jobs are far more difficult than i thought. it was one of the greatest experiences of my life to work with -- we have thousands of employees that worked in

you know, for an example, in south carolina, it's not film, in george town, gsi steal, gsi steal, bain capital ran it up to $530 billion worth of debt and shorted the pension fund. taxpayers had to come in and make up the pension fund but bain capital walked away with $17 million profit. i don't think that most people understand how a company can go bankrupt and have bain capital and short the pension and are have bain capital make over ten million in the deal. >> newt gingrich is siting washington post against his competitors, the glenn kesler fact checking. he points out that this video makes mitt romney look like michael moore, that it's completely unfair. how is he a corporate raider in. >> i am not going to against glenn kesler. the truth is, nobody, we were the first people who really brought any attention to this story. so, you know, if the mainstream media or press is upset because we did their job, i understand that they are embarrassed. >> one of the points they make is about kb toys that the film clips mitt romney out of context, he is talking about creative destruction and

in the film is a pattern of behavior by mitt romney and bain capital right here in south carolina, gsiel, they ran up debt and shorted the pension funds that were the worker's property and the federal government bailed out the pension fund and yet, mitt romney and bain capital made a $17 billion profit, it's legal, but just because you can do it doesn't mean you should do it. and i know in business there's winners and losers but in bain capital, sometimes you win and sometimes you win. >> rick tyler. to be continued. thank you very much. >> thanks for having me. >> and up next, our politico briefing, stay with us from charleston. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infect

. >> right here in south carolina there is a company called gsi, made steel, mitt romney and bain bought that company, they liquidated it, eliminated the jobs, there was a pension in that company and that pension got shorted, and the federal government had to bail out the pension so taxpayer money made up the difference in the pension and bain capital made a profit of tens of millions of dollars in that deal. >> the pension the workers had ended up getting thrown off on the pension benefit guarantee corporation, which of course is the federal government, and the american taxpayers, bailing out the folks who worked in industries that have failed, is that correct? >> that's correct. >> so newt --. >> that, by the way, is not in the movie. there is four case studies in the movie, there is dbi, and other companies, they illustrate this type of behavior. het let me back out, in the capitalist system -- it's interesting since i brought this up, let me give you a background story. we acquired the film and i bought a coach ticket to new hampshire, got a lousy hotel room for a week. we didn't run

. >> gsi steel in south carolina. they shorted the pension fund. the federal government had to bail them out yet bain capital made $17 million on the deal. i have no argument with capitalism. vultures by the way are good. >> chris: that was a compliment, calling him a vulture capitalist. >> he is trying to claim he is creating jobs when in fact, bain, 30% of their companies went out of business and in business there is winners and losers but with bain there is sometimes you win and sometimes you win. they made money on 90% of their deals. that is good. if he were running on the idea that elect me for president because i return a great investment for my investors i would have no dispute with him. he is running because he says is a job creator. he was the guy going in and dis mantling companies and destroying jobs. i don't have a beef with that. don't tell meow are one thing and not another. all i'm disputing is his claim for jobs and all of a sudden the pillars of capitalism are at risk. it is ridiculous. >> chris: have private equity companies been