Quote Originally Posted by robuzo
He bought it from the Italian government, made a huge profit selling it to Italy’s biggest telephone company, and they lost their asses?
This.

There are plenty of valid reasons to question Romney, but if Bain had the chance to sell a phone-directory company for 25 times what they paid for it at the height of the telecoms bubble then they'd have been nuts to walk away from that deal.

Still, it'd be interesting to see what taxes Mitt paid on his nice little chunk of change from the deal.