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Did Mitt Romney Create Bain Capital With El Salvadoran Death Squad Blood Money???

ProudProgressive 2012/07/19 21:03:44

Many people have speculated on the reasons why Mitt Romney is fighting so desperately to keep his financial history secret, despite the fact that he has based his campaign on his record as a "successful businessman", and despite the calls of even many Republicans to simply release the records as most Presidential candidates, including President Obama and Romney's own father have done in the past. We know that he either lied about when he left Bain Capital or lied to the SEC (a felony), yet he still remains silent. But do the roots of Romney's desperation go even further back? Is the "other shoe" that he is afraid of coming from the same right wing death squads in Latin America that the Reagan Administration illegally funded? At this point we can only speculate, but the American people have the right to know the facts. At least, those of us who are still interested in facts.

Article excerpt follows:

Romney tapped El Salvador's wealthy families, including one linked to right-wing death squads
By Justin Elliott
Friday, Jan 20, 2012

A significant portion of the seed money that created Mitt Romney’s private equity firm, Bain Capital, was provided by wealthy oligarchs from El Salvador, including members of a family with a relative who allegedly financed rightist groups that used death squads during the country’s bloody civil war in the 1980s

Bain, the source of Romney’s fabulous personal wealth, has been the subject of recent attacks in the Republican primary over allegations that Romney and the firm behaved like, in Rick Perry’s words, “vulture capitalists.”One TV spot denounced Romney for relying on “foreign seed money from Latin America” but did not say where the money came from. In fact, Romney recruited as investors wealthy Central Americans who were seeking a safe haven for their capital during a tumultuous and violent period in the region.

Like so much about Bain, which is known for secrecy and has been dubbed a “black box,” all the names of the investors who put up the money for the initial fund in 1984 are not known. Much of what we do know was first reported by the Boston Globe in 1994 when Romney ran for U.S. Senate against Ted Kennedy.

In 1984, Romney had been tapped by his boss at Bain & Co, a consulting firm, to create a spin-off venture capital fund, Bain Capital.

A Costa Rica-born Bain official named Harry Strachan invited friends and former clients in Central America to a presentation about the fund with Romney in Miami. The group was impressed and “signed up for 20% of the fund,” according to Strachan’s memoir. That was about $6.5 million, according to the Globe. Bain partners themselves were putting up half the money, according to Strachan. Thus the Central American investors had contributed 40 percent of the outside capital.

Back in 1984, wealthy Salvadoran families were looking for safe investments as violence and upheaval engulfed the country. The war, which pitted leftist guerrillas against a right-wing government backed by the Reagan administration, ultimately left over 70,000 people dead in the tiny nation before a peace deal was brokered by the United Nations in 1992. The vast majority of violence, a UN truth commission later found, was committed by rightist death squads and the military, which received U.S. training and $6 billion in military and economic aid. The Reagan administration feared that El Salvador could become a foothold for Communists in Central America.

The notorious death squads were financed by members of the Salvadoran oligarchy and had close links to the country’s military. The death squads kidnapped, tortured, and killed suspected leftists in urban areas fueling an insurgency that retreated to rural areas and waged war on the government from the countryside. The war, which lasted 12 years, triggered an exodus that brought more than 1 million Salvadorans to the United States.

There is no evidence that any of Bain Capital’s original investors were involved in these sorts of activities. But the identities of some of the investors remain secret, and there are family names that raise questions.

Four members of the de Sola family were among the original Bain investors, or “limited partners” in the company, the Globe reported. Their relative and “one-time business partner,” Orlando de Sola, was an important figure in El Salvador. A well-known right-wing coffee grower with an (in his words) “authoritarian” vision for the country, de Sola spent time living in Miami but was also a founding member of the right-wing Arena party, lead by a U.S.-trained former intelligence officer named Roberto D’Aubuisson.

Craig Pyes, an investigative reporter then with the Albuquerque Journal, wrote a series on the rightist death squads based on extensive on-the-ground reporting in El Salvador in the early 1980s with Laurie Becklund of the Los Angeles Times, while the death squads were still active.

Pyes, who has since won two Pulitzer Prizes and is now a private investigator in California, says that no one has produced any proof that de Sola directly funded death squads.

“However,” Pyes says, “he was in the inner circle of the group around D’Aubuisson at the time that D’Aubuisson was well known to be involved in the death squads. De Sola’s name appears in a December 1983 FBI cable as one of 29 people suspected by State Department officials of furnishing funds and weapons to Salvadoran death squads.”

De Sola’s name also turned up in a notebook, seized from an aide to D’Aubuisson named Saravia, that detailed the finances of D’Aubuisson’s terrorist network, according to Pyes

The Saravia notebook, reviewed by U.S. officials, listed weapons purchases, payments, and what appear to be descriptions of violent plots by rightists, including the assassination of El Salvador’s Archbishop Oscar Arnulfo Romero in 1980. Asked about the notebook by the New York Times in the late 1980s, de Sola denied that he had ever helped finance political violence. De Sola could not be reached for comment for this story.

Romney, for his part, who was much more accessible to the press in 1994, told the Globe that year that “we investigated the individuals’ integrity and looked for any obvious signs of illegal activity and problems in their background, and found none. We did not investigate in-laws and relatives.” He also said that Bain had checked the names of the Bain investors with the U.S. government. Given the policy of the Reagan administration at the time, though, it’s not clear going to the government would have been the most effective vetting mechanism.

It’s impossible to fully explore the backgrounds of the original Bain investors because we don’t know all their identities, including the names of the four members of the de Sola family mentioned by the Globe. Neither the Romney camp, Bain Capital, nor Strachan — the Bain executive who recruited the Central Americans — responded to requests for comment.

During his first presidential bid in 2007, Romney more than once touted the Central American investors in Bain while trying to woo Hispanic voters. In a speech in March of that year to the Miami-Dade Lincoln Day Dinner, Romney actually specified five of the original “partners” in Bain Capital — but the de Sola family was not among those he named.

And that August he told the Miami Herald, “The investments for the company that I started, Bain Capital, came largely from Latin America. My largest single investors came from El Salvador, Ecuador, Colombia and Guatemala. And so I feel a deep kinship to people in Latin America.”

Read More: http://www.salon.com/2012/01/20/the_roots_of_bain_...

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  • Samantha 2012/07/19 21:05:05 (edited)
    Samantha
    +9
    If this is true, it's no wonder Romney is working hard to hide his tax returns and business history. Thanks for posting this.

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  • Chris- Demon of the PHAET 2012/07/22 22:23:27
    Chris- Demon of the PHAET
    Very interesting post ProudProgressive. :-)
  • Bill 2012/07/21 12:06:17 (edited)
    Bill
    Many people have speculated that Obama is a Kenyan spy doing the bidding of the Soviet Communist via Putin. He is. He won't release his transcripts because they are high school transcripts from Kenya and Moscow. He actually never went to college except for some advanced courses at KGB University and a part time journalist position at Pravda and Tass. This is all well documented but the Democrats, headed by Pelosi, are spending millions of dollars to cover it up and are complicit with the MSM. This will, they hope, bring us to a communist form of government. It's all out there. Just look it up. Obama also has terrorist ties with the Taliban but the MSM won't report it and the Dems deny it. They want to kill Jews while pretending to be a friend of Israel. This has all been documented. Wake up. Many people have speculated that Obama wants you kids to convert to Islam. It's been well documented and many courageous people are speaking up now, for the first time. Listen to them. I can't disclose their identities since Obama has formed a Secret Political Police Squad to kill his opponents. Yes, this has been thoroughly documented.
  • sjalan 2012/07/20 16:22:16
    sjalan
    +1
    Very interesting article. Did you know also, that during that time and immediately following it President Reagan instituted the REX 84 FEMA Program using the "very capable" and shady figure Oliver North??? Bain Capitol was also involved in this little venture (at this point in time approximately $500 Billion) as a starter contractor to set up interment camps throughout the US. Right now, there are more than 800 such camps capable of holding more than 5000 people each and some capable of holding more than 100,000.

    The SH question/blog which provides the very best I've found concerning the REX84 FEMA program is supported by a series of Executive Orders.

    http://www.sodahead.com/unite...

    Enjoy reading them.
  • Bill sjalan 2012/07/21 12:11:50
    Bill
    Many people have speculated that Obama is a Kenyan spy doing the bidding of the Soviet Communist via Putin. He is. He won't release his transcripts because they are high school transcripts from Kenya and Moscow. He actually never went to college except for some advanced courses at KGB University and a part time journalist position at Pravda and Tass. This is all well documented but the Democrats, headed by Pelosi, are spending millions of dollars to cover it up and are complicit with the MSM. This will, they hope, bring us to a communist form of government. It's all out there. Just look it up. Obama also has terrorist ties with the Taliban but the MSM won't report it and the Dems deny it. They want to kill Jews while pretending to be a friend of Israel. This has all been documented. Wake up. Many people have speculated that Obama wants you kids to convert to Islam. It's been well documented and many courageous people are speaking up now, for the first time. Listen to them. I can't disclose their identities since Obama has formed a Secret Political Police Squad to kill his opponents. Yes, this has been thoroughly documented.
  • mich52 2012/07/20 15:42:11
  • C. C. Rider 2012/07/20 15:30:57
    C. C. Rider
    +4
    That anti American money hungry pig used our AMERICAN blood too in that fiasco.


    cartoons romeny hates america romney outsources
  • CAROLYN NTARWNJBS 2012/07/20 14:32:58
    CAROLYN NTARWNJBS
    +6
    You do keep us thinking,thanks!
  • Jrogers 2012/07/20 06:41:23 (edited)
    Jrogers
    +4
    Why is it that whenever there is trouble somewhere in the world that results in the deaths of innocent people - some rich caucasion guy is somehow involved?
  • Jrogers 2012/07/20 06:34:40
    Jrogers
    +3
    Wow! I hope they make him releases his financial records so this comes out - people need to know about this
  • LindaM 2012/07/19 21:36:11
    LindaM
    +6
    Very interesting Proud. Thanks for posting this.
  • Schläue~© 2012/07/19 21:15:01 (edited)
  • ProudPr... Schläue~© 2012/07/20 14:04:55
    ProudProgressive
    +9
    I didn't think it was possible for you to get more disgusting than you already are, but you managed it. Please do me a favor and don't make any more posts on anything I post. I really do not want to have to make another exception to my no blocking rule, but if you cannot contain your racist disgusting slanders I will have to. (Coincidentally, the one person I do have blocked is also a flaming racist who pretends to be a soldier.)
  • Schläue~© ProudPr... 2012/07/20 14:18:56
    Schläue~©
    +1
    I was making a point about the blatant hypocrisy, unfounded charges that get manufactured out of nowhere. Doesn't matter if it's factual though.... as long as enough people hear it .... right?
    The whole "when did you stop beating your wife syndrome".

    btw. I don't give a squish what you do. We are not giving up this fight and will have the jackass on the ropes by mid August..... backed with indisputable FACTS
  • Contard... Schläue~© 2012/07/20 14:29:19
  • Schläue~© Contard... 2012/07/20 14:39:55
    Schläue~©
    +1
    I'm not on your dime or anyone elses.
    Marines first donned their uniforms in 1775 to kick you socialist bastards out of here and we'll be more than happy to do it again.
  • ProudPr... Schläue~© 2012/07/20 14:47:35
    ProudProgressive
    +12
    What the hell would you know about the Marines? Apart from the occasional Halloween I doubt you've ever worn the uniform. You certainly would have choked if you had tried to swear to defend the Constitution, since you obviously consider it worthless. And by the way, considering that socialism wasn't even invented in 1775, I think you should return your "degree" to Glenn Beck University.
  • Contard... ProudPr... 2012/07/20 14:56:59
  • Schläue~© ProudPr... 2012/07/20 14:59:02
    Schläue~©
    +1
    Socialism, collectivism, taxing the haves ...... call it what you want. We didn't have all these fancy labels for everything and all behavior excused away by some 'syndrome'.

    Yeah ... I took an oath to uphold the Constitution and defend this nation against all enemies foreign and domestic.
    I've completed 'my share' of the first half of that task and am actively working on the latter
  • ProudPr... Schläue~© 2012/07/20 15:04:54
    ProudProgressive
    +8
    The only true faith and allegiance you seem to bear is your allegiance to hatred, racism and the undermining of the greatest nation this world has ever known. The Progressives who fought that war, who wrote the Declaration of Independence and the Bill of Rights would have thrown destructive people like you into Boston Harbor along with the corporate tea they threw to stand up to the Koch Brothers of their day, the same oligarchs that you seem to deify.
  • Schläue~© ProudPr... 2012/07/20 15:15:31
    Schläue~©
    +1
    Madison, Washington, Jefferson & others WERE the Koch bros of the day.

    The very people who scribed those documents although they didn't exactly all agree on what should be contained.

    They were the Freemasons, the Illuminati, the job providers, slaveowners and the ones controlling the wealth of the 13 colonies.

    Your labels are meaningless and none of the founders would share this jacked up cradle to grave big goobermint mentality of 'progressives'...... that label is so damn funny on it's face.
  • ProudPr... Schläue~© 2012/07/20 15:34:24
    ProudProgressive
    +7
    You know nothing. Washington and Jefferson fought against the corporate takeover of North America and FOR the rights that Jefferson put so profoundly in the Declaration of Independence. The Boston Tea Party was the Occupy Wall Street of 1773, fighting against the Wal-Mart of its day, the East India Company. None of the founding fathers were particularly wealthy, and many of them died destitute, sacrificing material gain for the fight for freedom that you now work so hard to destroy.

    Get an education. And before that, get a conscience.

    http://www.thomhartmann.com/b...
  • Schläue~© ProudPr... 2012/07/20 15:44:05
    Schläue~©
    WHAT? Washington was worth over $500 million in today's dollars, Jefferson not far behind, Franklin certainly wasn't hurting..... Paul Revere put the copper cladding on the USS Constitution.

    Thems the ones who had the bucks over here. Jefferson is the one who sent that brand new fleet to the Mediterranean to battle piracy and we've been getting involved across the pond ever since.
    Is there something different about protecting our financial interests today that wasn't the same, only on a smaller scale then?

    Yeah, many of them gave everything they had and died penniless.
    They also put their necks on the line and didn't blink.
  • Bill ProudPr... 2012/07/21 12:22:17
    Bill
    Gimme some of whay yor smokin', dude. I'd love to get that high so I can say stuff like that, dude. LOL
  • Bill ProudPr... 2012/07/21 12:20:27
    Bill
    Oh, Christ. Hatred? Racism? Again? Really? Is that all you liberals evr have to say? It really does get OLD.
  • Wilde~M... ProudPr... 2012/07/20 16:19:19
  • Chris- ... ProudPr... 2012/07/22 22:22:45
    Chris- Demon of the PHAET
    LMFAO!
  • Contard... Schläue~© 2012/07/20 14:56:18
  • Schläue~© Contard... 2012/07/20 15:04:20
  • Contard... Schläue~© 2012/07/20 15:10:27
  • Schläue~© Contard... 2012/07/20 15:21:42
    Schläue~©
    Oh .... don't kid yourself. Uncle Sam got a 1,000% ROI on my ass.
  • Contard... Schläue~© 2012/07/20 15:23:24
  • Schläue~© Contard... 2012/07/20 15:25:34
    Schläue~©
    Like I give a squish about what the 20% of jackasses in America 'feel'?
  • Contard... Schläue~© 2012/07/20 15:27:13
  • Schläue~© Contard... 2012/07/20 15:29:52
    Schläue~©
    Look.... you can run around the tree until you turn into butter for all I care.
  • Contard... Schläue~© 2012/07/20 15:43:19
  • ProudPr... Schläue~© 2012/07/20 15:35:56
    ProudProgressive
    +5
    If you truly believe that you have a duty to defend this nation against its domestic enemies, then I'm afraid you have no alternative but to commit suicide.
  • Contard... ProudPr... 2012/07/20 15:43:42
  • Schläue~© ProudPr... 2012/07/20 15:47:47
    Schläue~©
    tick - tock - tick - tock -tick - tock - tick - tock - tick - tock

    His expiration date is approaching with a quickness.
  • Bill Schläue~© 2012/07/21 12:25:17
    Bill
    +1
    You've got a domestic one right there. Keep fighting.
  • Bill Contard... 2012/07/21 12:24:36
    Bill
    He's defending Americans like me, not you. You don't give a damn about this country. The Marine does.
    My dime pays for welfare, food stamps, unemployment, medicare, medicaid, etc. Stop complaining about where your dime goes.

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