Solyndra ring a bell, Joe?

Via Politico:

Renewing his attacks on Mitt Romney’s business record, Vice President Joe Biden said Thursday that taxpayers often ended up paying a “hidden price” for Wall Street investments gone wrong.

Taxpayers “pay for the so called success of the investors,” Biden said, campaigning in Ohio.

Highlighting the case of GST Steel, a company purchased by Romney’s Bain Capital private equity firm in 1993 and shuttered several years later, Biden noted that while hundreds of employees lost their jobs, Romney’s company walked away with $12 million in profit.

Biden told supporters that taxpayers paid unemployment benefits, health insurance benefits and pension guarantees to all the workers that Romney laid off — while Bain walked away with a healthy profit.