What The Italians Know About Mittens

I suggest that if you are still not convinced that Mitt Romney’s past bidness life is unlike anything we have seen on the resume of a candidate in modern politics—that is, his practice of “vulture capitalism,” as Rick Perry would have it—then you should read the Bloomberg article,

Romney Persona Non Grata In Italy For Bain’s Deal Skirting Taxes

I will only quote an economics professor at Turin University about the sale of Italy’s government-owned telephone directory company to Bain Capital and Bain’s subsequent and relatively quick unloading of the same company for 25 times what it paid:

It was a mistake from the start, damaged by a lack of transparency and the use of offshore funds.

Lack of transparency? Offshore funds? Who, me? says Mittens.

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