Bain spells pain for Romney as Obama seeks to land punches

Mitt Romney is seeing his lucrative years at private equity giant Bain Capital go under the microscope of public scrutiny, writes Niall Stanage in Washington DC.

26th May, 2012
Barack Obama delivers the commencement address at the US Air Force Academy in Colorado Springs. Photo: Getty

Perhaps it is a sign of the times, but in American politics - often criticised by outsiders for the supposed narrowness of their ideological debates - some very big questions are up for discussion this year.

At the heart of the matter is the business career of Mitt Romney, President Barack Obama's near-certain opponent in November's election. Romney built his vast fortune primarily through his work at Bain Capital, a private equity firm that he...

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