At Bain, Romney Led Investment In Aborted Fetus Disposal Firm

 A couple of years before realizing that he was pro-life, Mitt Romney netted $50 million for Bain Capital in the aborted fetus disposal business. Chalk it up to one of life’s little ironies. Mother Jones reveals:

The Huffington Post reported that in 1999 the GOP presidential candidate had been part of an investment group that invested $75 million in Stericycle, a medical-waste disposal firm that has been attacked by anti-abortion groups for disposing aborted fetuses collected from family planning clinics.

Documents filed by Bain and Stericycle with the SEC—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners.

Despite the firm’s regulatory run-ins, the deal worked out well for Bain. In 2001, the Bain-Madison Dearborn partnership that had invested in the company sold 40 percent of its holdings in Stericycle for about $88 million—marking a hefty profit on its original investment of $75 million. The Bain-related group sold the rest of its holdings by 2004. By that point it had earned $49.5 million.

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  • http://hormeticminds.blogspot.com/ Chaorder Gradient

    Well how else are they going to strip all the dead babies for parts before they hits the dumpster. They’re only being efficient.

  • http://www.facebook.com/rthoneunomia.celine Threedinium

    *deleted, due to re-examination of motives

  • http://profile.yahoo.com/MQIXPU4GGFCNB7OJ3H3ZJ5FGSE Meredith

    my
    neighbor’s half-sister brought in $14050 the previous month. she has
    been working on the computer and moved in a $572800 condo. All she did
    was get blessed and follow the information exposed on this web site

    http://www.LazyCash49.com

  • http://citizenanon.myopenid.com/ CitizenAnon

    Why isn’t this on the front page of every major paper and at the top of the news for every network and cable (esp. Fox) news hour?

    • Alanblanes

      I believe that David Corn is doing further investigation at the request of Lawrence O’Donnell. He is checking out how much the Stericycle company has contracted with Massachusetts medical system. This very specific dollar figure would make a possible news story. 

  • Tyebrown04

    I WANT TO BE THERE WHEN MITT ROMNEY AND HIS BUSINESS PARTNERS  STAND IN FRONT OF GOD FOR JUDGEMENT. I STILL CANNOT BELIEVE ANYONE CAN DO THIS STUFF. YOU HAVE GOT TO BE ONE COLD BLOODED ROTTEN SOB TO MAKE MONEY OFF OF MURDERED BABIES.
        KRAFT FOODS AND PEPSI USE PARTS OF THE MURDERED BABIES IN THEIR PRODUCTS FOR FLAVOR ENHANCERS. I DO NOT BUY PEPSI PRODUCTS AND I THREW ALL THE KRAFT FOODS STUFF IN THE TRASH. I WILL NEVER BUY THEIR STUFF AGAIN.
         MCDONALDS AND CAMPBELLS SOUPS WERE USING THE STUFF TOO BUT I HEARD THEY QUIT DUE TO PUBLIC UPROAR. THOSE SORRY BASTURDS ARE MAKING CANNIBALS OUT OF US. THIS MAKES ME DEATHLY SICK.

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