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Mitt Romney knew his past at private equity firm Bain Capital would come under assault in the general election, as it did during the primary campaign. And now, with Romney the GOP's presumptive nominee, the attacks have begun.
President Obama's campaign is out with two new, hard-hitting television ads blasting Bain's role in the 2001 bankruptcy of GST Steel in Kansas City, Missouri. As Reuters reported, Bain invested in GST in the early 1990s when Mitt was at the helm, only for the deal to collapse, the mill to close, and 750 workers to lose their jobs. GST's bankruptcy is often spotlighted by Romney's critics as evidence that he's a cutthroat capitalist willing to fire workers to pad his own pockets.