Hey Cory, maybe you should watch this before defending Mitt.
With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.
1 comment:
Nice blog! And providing such excellent information about bankruptcy. Bankruptcy is the worst situation for a person or organization in its life time.
Post a Comment