Romney takes umbrage at the idea that under him Bain  Capital took the money and ran, so to speak.

His pearl-clutching conveniently ellides the many ways in which leveraged buy outs and mob bust outs are similar business models.

Take, for instance, Ampad, where by borrowing against the assets of a  to be acquired property (herein the "leverege" part of a levereged buyout), Bain took 100 million in fees and equity out of a company while restructuring and taking it public.

5 years later Ampad was liquidated in bankruptcy,  leaving vendors, employees, landlords and creditors holding the bag.   

Similarly, Dade Behring brought Bain an 800% return on its investment, on its way to Chapter 11 bankruptcy, and 1000 jobs eliminated forever.

What makes these transactions structurally like bust outs will be apparant if you will venture with me down memory lane to the second season of the Sopranos.

Poker missteps of a childhood friend brought Tony a "silent partnership" in his sporting goods store--Tony's business model was to create value by acquiring goods on credit, turning them into cash at distressed prices, and after several months, or whenever the collection lawsuits began piling up, leaving vendors, employees, landlords and creditors holding the bag.

The precise mechanics may be seen at 9:58

The parallels turn upon the stripping out of assets intended to be part of the ongoing business, by using the credit of the target to shift risks onto vendors and lenders who think they are dealing with an ongoing operation, while siphoning off the value of the assets into laundered repositories, in Bain's case huge fees for management services at figures reflecting unabashed self-dealing on the part of the new managers.

Four out of 10 of Bain's biggest acquisitions ended in bankrupcy, with Bain booking 500 million from those 4 "bad bets"

Eat your heart out, Tony--you ain't shit. Ramsey Outdoor Stores was chicken feed. *(I oughtta' know...)

*(Purely) by way of eerie coincidence, I myself was once the beneficiary of a receivership imposed on Ramsey Outdoor Stores, and was well paid via my mother's law firm for showing up each day, planting my ass in a chair near the register of the very store pictured in the Sopranos, and staying till closing. My brother-in-law got a similar sinecure.  Not quite a  "no show" job, but certainly "no effort".  I don't know if poker losses  preceeded the receivership.