The Episcopal Church, Bain Capital and Heavenly Returns
The Episcopal Church, Bain Capital and Heavenly Returns
By JAY AKASIE
http://www.thefiscaltimes.com/
August 31, 2012
During his acceptance speech in Tampa Thursday night, Republican presidential nominee Mitt Romney said that he was risk-averse during the early years of establishing his private equity firm, Bain Capital. So he didn't approach his elders in the Church of Jesus Christ of Latter-Day Saints to ask them to invest a portion of their pension fund in the venture. But, he said, one of his partners snagged the Episcopal Church's pension fund, set up to fund the retirements of that denomination's clergy.
"That shows what I know," said Romney. "Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him."
Read the full story at www.VirtueOnline.org
By JAY AKASIE
http://www.thefiscaltimes.com/
August 31, 2012
During his acceptance speech in Tampa Thursday night, Republican presidential nominee Mitt Romney said that he was risk-averse during the early years of establishing his private equity firm, Bain Capital. So he didn't approach his elders in the Church of Jesus Christ of Latter-Day Saints to ask them to invest a portion of their pension fund in the venture. But, he said, one of his partners snagged the Episcopal Church's pension fund, set up to fund the retirements of that denomination's clergy."That shows what I know," said Romney. "Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him."
Read the full story at www.VirtueOnline.org
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