The death of KB Toys, and the involvement of Bain Capital, is a rich story about how our system of capital formation works and why we may need corporate rules changes. A Sept. 9 editorial in The Berkshire Eagle (If the link is stale, try HERE.), brings it to the fore.
First, a little background. Rolling Stone magazine recounted the history of KB Toys in an Aug. 29, 2012 piece on Mitt Romney and Bain Capital entititled: "Greed and Debt: The True Story of Mitt Romney and Bain Capital." by Matt Taibbi.