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LV boss defends selling mutual to private equity

Hartigan has been hit by a fierce backlash over plans to sell the 178-year-old mutual to US private equity giant Bain - and he is exasperated.

Detailed text transcripts for TV channel - MSNBC - 20140416:03:27:00

that s particularly true for a little financial company called bain capital, founded and headed the up for 15 years by mitt romney. what bain does is rain tens of millions of dollars, invest into businesses, give some business advice, and sell their shares to the public at a profit. in other words, this is a company that became one of the top private equity firms today. and in the process, they helped revolutionize american capitalism, which has been a boon for private equity and some of their shareholders and often not so great for everyone else. that bain capital acquired a company, in essence looted it, and then laid off 1,700 people. now, if that s accurate and if there are three or four or five examples like that, i think that s troubling. i think governor romney will have an ample opportunity to explain it. and i think this will probably end up my guess is y all at some point may want to ask him to do a rather in depth press conference explaining bain capital.

Detailed text transcripts for TV channel - MSNBC - 20140416:07:27:00

that s particularly true for a little financial company called bain capital, founded and headed the up for 15 years by mitt romney. what bain does is rain tens of millions of dollars, invest into businesses, give some business advice, and sell their shares to the public at a profit. in other words, this is a company that became one of the top private equity firms today. and in the process, they helped revolutionize american capitalism, which has been a boon for private equity and some of their shareholders and often not so great for everyone else. that bain capital acquired a company, in essence looted it, and then laid off 1,700 people. now, if that s accurate and if there are three or four or five examples like that, i think that s troubling. i think governor romney will have an ample opportunity to explain it. and i think this will probably end up my guess is y all at some point may want to ask him to do a rather in depth press conference explaining bain capital. that was from

Detailed text transcripts for TV channel - MSNBC - 20140416:00:27:00

and ifthere s a dollar to be made in something, american capitalists will find a way to make it. that s particularly true for a little financial company called bain capital, founded and headed the up for 15 years by mitt romney. what bain does is rain tens of millions of dollars, invest into businesses, give some business advice, and sell their shares to the public at a profit. in other words, this is a company that became one of the top private equity firms today. and in the process, they helped revolutionize american capitalism, which has been a boon for private equity and some of their shareholders and often not so great for everyone else. that bain capital acquired a company, in essence looted it, and then laid off 1,700 people. now, if that s accurate and if there are three or four or five examples like that, i think that s troubling. i think governor romney will have an ample opportunity to explain it. and i think this will probably end up my guess is y all at some point may

Detailed text transcripts for TV channel - MSNBC - 20120922:20:47:00

that ad from these conservatives supporting newt gingrich s candidacy looks exactly like the president s criticism and attack ads against bain and against mitt romney, which just shows you where we re at. we look at so many things through a partisan lens, but the truth is there are so many larg larger realities in this race. people concerned about jobs and employment have a very negative view of what bain and these companies did. and that s bipartisan. and that was a view that was shaped first by republicans in the primary battle. perry bacon, what is your favorite? the ron paul ad. the ron paul ad. let s cue it up and play it and talk about it on the other side. perry bacon s favorite ad of 2012. what s up with these sorry politicians? lots of bark. when it s show time, whimpering like little shih tzus. you want big cuts? ron paul has been screening it for years.

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