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  • Not vetted for CNN

    • Click to view gmermel's profile
    Posted October 13, 2012 by
    gmermel
    Location
    billings, Maine
    Assignment
    Assignment
    This iReport is part of an assignment:
    Questions for Candy Crowley

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    Can Romney explain TARP as an investment adviser might?

    By gmermel  |  Posted October 13, 2012  |  billings, Maine
     

    For Romney:

     

    As CEO of Bain, would you have recommended the firm take on managing a GM bankruptcy? Was the capital available and would you have taken the risk?

     

    You describe Solyndra as proof of TARP's ineffectiveness.

     

    Can you put Solyndra into the context of the performance of TARP overall and evaluate TARP's accountings as you would the entirety of Bain's portfolio? Haven't you said that Bain had winners and losers, too?

     

    Background:

    Solyndra cost $500 M

    $412 B invested, $367 recovered (90%, and continuing to grow):
    > http://www.treasury.gov/initiatives/financial-stability/results/Pages/TarpTracker.aspx

     

    Is it inappropriate to consider future tax revenue from rescued companies and their employees as dividends on TARP, adding to the total return?

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