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Jan 16, 2012
01/12
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FOXNEWS
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they move it from florida to wisconsin. >> unimac is a typical example like usi steel. chris did not watch our movie. it does to the say that capitalism is bad. it says it is good. the whole argument against capitalism is baloney. >> chris: we have a couple of minutes left. are you aware that newt gingrich was the member of a board of advisors of another private equity firm between '99 and 2001? >> i have met teddy forsman and he is a wonderful individual. i know the firm well. a friend of my worked there for years. i don't have a problem with private equity firms. >> chris: exactly during the time that newt gingrich was there did you know that forsman little invested billions of dollars in two telecommunications firms that both went bankrupt and that forsman little was sued by publ employees unions, pension funds rather in connecticut? >> and i'm sure if teddy forsman ran for president that would be an issue. the issue is what romney was saying. >> chris: why was it okay for newt gingrich to be a part of forsman little? >> i don't have a beef with private equity firms.
they move it from florida to wisconsin. >> unimac is a typical example like usi steel. chris did not watch our movie. it does to the say that capitalism is bad. it says it is good. the whole argument against capitalism is baloney. >> chris: we have a couple of minutes left. are you aware that newt gingrich was the member of a board of advisors of another private equity firm between '99 and 2001? >> i have met teddy forsman and he is a wonderful individual. i know the firm...
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Jan 18, 2012
01/12
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FOXNEWS
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did that happen when bain owned unimac? >> absolutely not, megyn.e period after bain hat sold us to the ontario teachers pension fund. and like tommy said, we were discussing the end of the time period just before they closed the doors. bain didn't even onus at that point. and we were discussing and talking about and we were skirt going out on our own, not having insurance, almost the same thing that tommy was just talking about with his family, and that where we were flat that interview. megyn: when you were complaining about the risks of not having insurance, you were not saying anything about bain, you were talking about entrepreneurship and what the future held to you. did you make that clear to the filmmaker? >> absolutely. i think they were clear about it. i think they did not want to use it as we were stating it, and decided to turn it around towards bain. we hadn't -- we had no idea this was about bain. megyn: how but, mike, did the filmmaker suggest to you in any way this an attack on mitt romney, on bain capital, did you say i have got rea
did that happen when bain owned unimac? >> absolutely not, megyn.e period after bain hat sold us to the ontario teachers pension fund. and like tommy said, we were discussing the end of the time period just before they closed the doors. bain didn't even onus at that point. and we were discussing and talking about and we were skirt going out on our own, not having insurance, almost the same thing that tommy was just talking about with his family, and that where we were flat that interview....
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Jan 12, 2012
01/12
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CNN
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one of the key claims is about a florida laundry equipment manufacturinger bain purchased call unimacown. workers gives testimonials about losing their jobs. >> they got everybody together and told us we were being sold to raytheon, which in turn turned out to be bain. >> back in his massachusetts headquarters, he found his target. >> reporter: but according to "fortune," raytheon didn't sell unimac to bain until four years later. >> they upended the company and gulletted the workforce. >> reporter: not true, says a -- he says bain held on do that to unimac and then sold it to a canadian pension fund. >> the real gutting was when the florida factory gets shut down, done by the pension fund. >> reporter: contacted by cnn, a official at the group winning our future says the documentary is thoroughly researched and they stand by the video, but there are other claims in dispute, including one about a bain deal that did go very badly. that was bain's purchase of kb toys which led to the company shutting down, thousands of jobs lost. >> romney and bain bought the 80-year-old company, loaded
one of the key claims is about a florida laundry equipment manufacturinger bain purchased call unimacown. workers gives testimonials about losing their jobs. >> they got everybody together and told us we were being sold to raytheon, which in turn turned out to be bain. >> back in his massachusetts headquarters, he found his target. >> reporter: but according to "fortune," raytheon didn't sell unimac to bain until four years later. >> they upended the company...
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Jan 16, 2012
01/12
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MSNBCW
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i think you may be referring to florida, with amac, i'm sorry, unimac. the film ill straigshows that t should have capital gains at zero, but they reward debt, they go in and cheapen the product and lower the quality of the workers. the people were talking about bain when they were talking about cheapening the product and lowers the wages. >> your bottom line is there are no inaccuracies and you have done your fact checking? >> yes, the fact checking is rock solid and we have sent it around and it comes from public sources. the reporters. the reporters who have been reporting on these stories. 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. >>
i think you may be referring to florida, with amac, i'm sorry, unimac. the film ill straigshows that t should have capital gains at zero, but they reward debt, they go in and cheapen the product and lower the quality of the workers. the people were talking about bain when they were talking about cheapening the product and lowers the wages. >> your bottom line is there are no inaccuracies and you have done your fact checking? >> yes, the fact checking is rock solid and we have sent...
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Jan 17, 2012
01/12
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CNN
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bain bought unimac in 1988 but sold it six years later to another private group who closed their plantved it to wisconsin. they said they were interviewed by john burke who was uninterested in hearing anything positive and paid them in visa gift cards. "the journal" said when it taca to contacting our future, here's what rick tyler told us. i don't know what their beef is. it was presented in context. they were talking about what bain did as far as cheapening quality of product and moving it along the production line too quickly. that's what mitt romney did, bain drives companies into debt until they have to merge with another company or shut down. with the south carolina primary fast approaching, we have two with us. bill burton is here and rich gaylin, who served as a communications director of newt gingrich when he was house speaker. bill, if criticizing romney on bain is something now seems like republicans are backing off of, it's backfired, at least on gingrich through the super pac, do you think this is something democrats now are not going to want to go to? >> facts matter. wha
bain bought unimac in 1988 but sold it six years later to another private group who closed their plantved it to wisconsin. they said they were interviewed by john burke who was uninterested in hearing anything positive and paid them in visa gift cards. "the journal" said when it taca to contacting our future, here's what rick tyler told us. i don't know what their beef is. it was presented in context. they were talking about what bain did as far as cheapening quality of product and...