Tall Tales About Private Equity

http://www.nytimes.com/2012/05/23/op…ys-job.html?hp

Tall Tales About Private Equity
By STEVEN RATTNER
Published: May 22, 2012

PRESIDENT OBAMA started his general election campaign by taking aim at Mitt Romney’s job creation record at Bain, setting off a lively debate over the fairness of the attacks.

I am among those who have been drawn into the argument — there was even a snippet of me defending private equity in a Romney campaign ad.

As a former Obama administration official, I [...]