Bain letter defending deals backs Mitt Romney’s assertions
Bain Capital in its annual letter to investors addressed questions that have come up over the past year related to founder Mitt Romney’s campaign for the presidency. Bain said that the firm has helped created hundreds of thousands of jobs, backing up some of Romney’s claims on the campaign trail. The private-equity firm also said that less than five percent of the companies in its portfolio have gone bankrupt. Romney has positioned himself as a candidate who can fix the US economy and create jobs.