Bain Capital & Big Tobacco: Romney's Firm Profited From U.S.-Russia Cigarette Deals & Privatizations

Democracy Now by Amy Goodman | Oct. 10, 2012 (Special Report)

(Multimedia) An explosive report sheds new light on Republican presidential nominee Mitt Romney’s time at Bain & Company, describing how the firm made millions on big tobacco by helping Philip Morris increase its revenues in the United States, and aiding two other tobacco titans to dominate the Russian market. According to the Huffington Post, "Romney's consultants helped foreign firms and aspiring oligarchs decide how to corral Russia's riches -- including writing a ... Full Story »

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Randy Morrow
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 by Randy Morrow - Oct. 12, 2012

The whole idea is that the Soviet government’s assets, which had belonged to the centralized, you know, very totalitarian government, are going to go out and be owned by the public. Citizens will have a stake in the economy, particularly in their local economy. If you work in a factory, you’ll be an owner in the factory. And instead what happens is, all of these resources end up in the hands of a few like local oligarchs and then Western corporations like British American Tobacco. And most of the really big players in this event are big investment banks, like Credit Suisse, American investment banks. These smaller consulting firms like Bain & Company, their role hasn’t really been, I think, exposed by the media.

More questionable activity by the a Bain (Mitten’s first Bain) is exposed.

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