Mitt Romney's Federal Bailout: The DocumentsHighlights from the records of the FDIC's rescue of Bain & Company
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By December 1992, Bain & Company had returned to its creditors, proposing a new bailout with even less favorable terms: The firm asked to repay its debts at "up to $.30 on each dollar."
If creditors didn't agree? Management would once again raid the company's coffers to pay themselves fat bonus checks.