A number of new reports including by THE HUFFINGTON POST are linking 40% of Bain Capital’s startup funds, or $9 million to right wing El Salvadorian families that were the prime funders for “death squads” of paramilitary assassins meant to murder land reformers, Catholic clergy, and leftists who supported land reform and other progressive movements during the 1980’s warfare in El Salvador. Roman Catholic Archbishop Oscar Romero was assassinated during mass as one example of the violence attributed to the death squads of El Salvador funded by several wealthy families.
According to information on HUFFINGTON POST and other news sources, which is running today, businessman Mitt Romney was asked by Bain Capital founder, Bill Bain to meet with some Central American investors back in mid-1984 in Miami, and despite concerns of Romney that the investors might be involved in drug-trafficking, crime or funding violence in Central America, Romney met with the investors, and helped to net $9 million, or 40% of the startup money for Bain Capital.
As late as 2007, despite clear evidence that some of the Bain startup investment money was from business families involved in violent crimes in Central America, Romney praised or likely praised these same investors according to THE LOS ANGELES TIMES and THE BOSTON GLOBE.
Reporters from THE HUFFINGTON POST asked the Romney Campaign to comment on the ties between the startup of Bain Capital with funds from Central American families involved in funding violent crime in El Salvador, but the campaign refused to comment beyond providing THE HUFFINGTON POST an old 1999 SALT LAKE TRIBUNE feature article in which Romney claimed to have no knowledge of connections to crime families, although other reports claim that Romney expressed reservations with Bill Bain about connections to drug trafficking or other violence that could be associated with the Central American investor families.
THE SALT LAKE TRIBUNE has even connected at least $6.5 million of the early startup funds from Bain Capital to families in El Salvador in wealthy coffee growers and other business interests who funded death squads to murder and terrorize land reformers, Catholic clergy, and others who sought a moderate path to end the civil war in El Salvador.
Presidential candidate Mitt Romney’s experience in business was supposed to be a factor that gives him an edge over President Obama in this upcoming election where the ability to create jobs and deal with the economy will likely decide this close election. However, a drip-drip of negative stories of Bain Capital is beginning to prove to be something of a liability to Romney, although the President still faces an uphill battle because of his own dismal economic record. By election day, less than 90 days away, many voters will have to choose the lesser of two evils it seems.
But for Romney, the story now raises some issues about his moral values when it comes to business matters. Romney had concerns in 1984 that crime family money might be used to startup Bain Capital, yet, apparently looked the other way, and after his hand was caught in the cookie jar according to reports by a number of newspapers, including THE SALT LAKE TRIBUNE, THE BOSTON GLOBE and now THE HUFFINGTON POST, Romney’s campaign refuses comment on the details of the story, only searching out a more favorable story to offer instead.
Voters will have interesting time sorting out the less terrible of the two main candidates this year.