The Roots of Bain Capital in El Salvador’s Civil War

[Ed Jewett]

The Roots of Bain Capital in El Salvador's Civil War

January 22nd, 2012Via: Salon:
A significant portion of the seed money that created Mitt Romney's private equity firm, Bain Capital, was provided by wealthy oligarchs from El Salvador, including members of a family with a relative who allegedly financed rightist groups that used death squads during the country's bloody civil war in the 1980s
Bain, the source of Romney's fabulous personal wealth, has been the subject of recent attacks in the Republican primary over allegations that Romney and the firm behaved like, in Rick Perry's words, "vulture capitalists."One TV spot denounced Romney for relying on "foreign seed money from Latin America" but did not say where the money came from. In fact, Romney recruited as investors wealthy Central Americans who were seeking a safe haven for their capital during a tumultuous and violent period in the region.
Like so much about Bain, which is known for secrecy and has been dubbed a "black box," all the names of the investors who put up the money for the initial fund in 1984 are not known.
Posted in Atrocities, Covert Operations, Dictatorship, Economy, Elite, War