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Tue September 11, 2012
How Romney Benefited from the Bailout He Opposed
Just weeks after Sen. John McCain lost the 2008 presidential race to Barack Obama, Mitt Romney wrote an op-ed in The New York Times opposing an auto bailout and calling instead for a "managed bankruptcy" — in fact, his opposition was a theme at the 2012 Democratic National Convention. But by saving auto-related industries, that bailout had an unexpected beneficiary: Mitt Romney. One of those companies was Sensata, an organization bought by Bain Capital in 2006. Even though Romney was several years gone from the private equity firm that he founded, he was still making money from his Bain investments. Listen to the report.