Romney Economics: Job Loss and Bankruptcy at Ampad

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Published on May 21, 2012 by BarackObamadotcom

Learn more: http://www.romneyeconomics.com

With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.

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Jim Messina ‏@Messina2012
Bankruptcy report on Romney's Ampad: Creditors repaid $.002 for every dollar owed