Gingrich calls Romney, Bain Capital 'exploitive' - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Gingrich calls Romney, Bain Capital 'exploitive'

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COLUMBIA, S.C. (AP) — Presidential candidate Newt Gingrich is leveling a forceful new attack on rival Mitt Romney, calling the Republican front-runner's private equity firm "exploitive."

Gingrich made the remarks Tuesday before a gathering of business leaders in Columbia, S.C.

The former House speaker describes the Bain Capital model, in at least some instances, as "leverage the game, borrow the money, leave the debt behind and walk off with all the profits."

And Gingrich says that raising questions about Romney's track record at Bain shouldn't be confused with an attack on capitalism.

Gingrich says that he's proud of what he calls "real capitalists" who tell their workers that they are in it together.

Copyright 2012 The Associated Press.

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