I Thought Bain Wanted To Create Jobs?

[Howey]

Apparently, not; according to some guy named Mitt Romney back in 1985.

I wonder how many more of his damning videos will be showing up the next month and a half?

http://www.youtube.com/watch?v=0EsxNYXW5i8&feature=player_embedded

Story here

But at Bain, Romney's top priority wasn't to boost employment. As the Wall Street Journal recently noted, creating jobs "wasn't the aim of Bain or other private-equity firms, which measure success by returns produced for investors." And, the newspaper reported, Romney's 100,000-jobs claim is tough to evaluate.

Mother Jones has obtained a video from 1985 in which Romney, describing Bain's formation, showed how he viewed the firm's mission. He explained that its goal was to identify potential and hidden value in companies, buy significant stakes in these businesses, and then "harvest them at a significant profit" within five to eight years.