Under Section 75 of the NHS reforms in the UK the blood plasma supply has been sold to Bain Capital. Bain Capital is an American private equity company.X-Economics has already posted two articles on the subject of Bain Capital as it was formed and run by Mitt Romney. Mitt Romney is still paid many millions of dollars per year by the company.
The previous posts were in August 2012 and October 2012.
"Mitt Romney...Would he make a good president for the U.S.?" in August 2012.
"Mitt Romney....This is the wrong Man for president !" in October 2012.
Please take a look at the older posts.......They should raise questions over what is going on with the main stream media.......
The main problem with this deal is that Bain Capital has an absolutely appalling record when it comes to buying and running businesses.
The business in question gets acquired by the private equity company through borrowing the majority of the money from banks.
Immediately jobs get slashed.
Assets get sold off.
Many of the businesses collapse within years of jobs being cut and being asset stripped.
Bain Capital clearly has a complete disregard for people and businesses whilst it behaves as some kind of capitalist monster which destroys every thing in it's path in the name of profit. To say that the management of the UK blood plasma supply by Bain Capital will cost lives may be jumping the gun. But the company's previous links to medical and pharmaceutical businesses have without any doubt had this effect.
Bain Capital has owned and 'run' many hundreds of companies in it's history. Although much of the financial press and media more often than not seem to reflect the opinions of those running Bain Capital, in other words, show support for the business......A comprehensive investigation of Bain Capital owned businesses, by the 'Wall Street Journal' discovered that 22% of businesses that had been run by Bain Capital either filed for bankruptsy or liquidated by the end of the eighth year after Bain Capital invested.
Although pension funds linked to Bain Capital will have made money for their investors........Think of those people who are investing in companies that buy businesses off Bain Capital.......These will have lost money.....This could be your pension fund or savings which could be being used when the companies being off loaded by Bain Capital onto a stock exchange......Which often happens to companies after they have been asset stripped......Only later to collapse under debt and lack of staff to satisfy its customers.
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