Romney's Bain Lie

[Darkwind]

We know that Obama has committed several felonies. The evidence must be pretty compelling, the left are making up charges left and right.

I've never seen the desperation from the left as I have this past month.

 

[Trajan]

the msm won't call him on it.....he'll skate.

 

[rdean]

We know that Obama has committed several felonies. The evidence must be pretty compelling, the left are making up charges left and right.

I've never seen the desperation from the left as I have this past month.

The documents were filed with the SEC and go back as far as 1999. Seems the left must be really inventive to make this up.

 

[Procrustes Stretched]

On July 2 and again on July 3, Mother Jones Washington bureau chief David Corn reported that SEC filings indicated Romney had played a role in Bain investments "until at least the end of 1999" and that a May 10, 2001, document described Romney as a member of the "management committee" of Bain funds.

On July 10, Talking Points Memo editor and publisher Josh Marshall uncovered two more SEC filings from July 2000 and February 2001 in which Romney listed his “principal occupation” as “Managing Director of Bain Capital, Inc.”

Globe admits credit 'mistake' in Bain story - POLITICO.com

TPM Editor’s Blog
No, Romney Didn’t Leave Bain in 1999

Josh Marshall July 10, 2012, 12:55 PM
...................................................................

The Mystery of Romney's Exit From Bain
Now there's a debate over when the GOP presidential candidate left his private equity firm—and what it means.

—By David Corn | Tue Jul. 3, 2012 1:26 PM PDT
............................................................................


Romney Invested in Medical-Waste Firm That Disposed of Aborted Fetuses, Government Documents Show

And these documents challenge Romney's claim that he left Bain Capital in early 1999.

—By David Corn | Mon Jul. 2, 2012 3:00 AM PDT

Romney is no Harry Truman. With Romney the Buck never stops here.

back on topic...

 

[Lakhota]

The Globe story was based on government documents filed by Bain Capital itself. Those described Governor Romney as remaining at the helm of Bain Capital as its “sole stockholder, chairman of the board, chief executive officer, and president” until 2002. The story also cited state financial disclosure forms filed by Romney that showed he earned income as a Bain “executive” in 2001 and 2002, separate from investment earnings.

More: Boston Globe will not issue correction to Romney - POLITICO.com

 

[Darkwind]

We know that Obama has committed several felonies. The evidence must be pretty compelling, the left are making up charges left and right.

I've never seen the desperation from the left as I have this past month.

The documents were filed with the SEC and go back as far as 1999. Seems the left must be really inventive to make this up.

What documents? All I see are complaints by leftist, on leftist rags and blogs, with no proof at all.

Every reputable news organization has denounced the Obama campaign for telling lies about the Bain Capital ads and the lies are all the lefts.

However, we have actual proof of Obama's felonies.

Just google the killing of an American citizen without a court order.

 

[Lakhota]

The Globe story was based on government documents filed by Bain Capital itself. Those described Governor Romney as remaining at the helm of Bain Capital as its “sole stockholder, chairman of the board, chief executive officer, and president” until 2002. The story also cited state financial disclosure forms filed by Romney that showed he earned income as a Bain “executive” in 2001 and 2002, separate from investment earnings.

More: Boston Globe will not issue correction to Romney - POLITICO.com

 

[Trajan]

merged

 

[EriktheRed]

garbage.....

You can do better than that. How so?

its simple, a critical thinking exercise; if he is on leave, why would knowledge be of any help or matter?

Help? Good question; don't know what kind of authority he would have if something he didn't approve of was going on.

Matter? Plenty, if he cares about how it looks to the voting public what his company was doing in his name. And if he was still named as sole stockholder, would what they did in his absense not be considered done in his name?

If not during his leave of absense, then at some later point he either had to know what Bain - his company - was doing to make the big bucks. If he really didn't know...well, that doesn't look too good for him, either.

That's the point the guy I quoted was making.

 

[Sallow]

Documents: Romney didn't manage Bain funds
By Dan Primack July 12, 2012: 2:41 PM ET

snip-

Bain Capital began circulating offering documents for its seventh private equity fund in June 2000. Those documents include several pages specifying fund management. The section begins:

Set forth below is information regarding the background of the senior private equity investment professionals of Bain Capital. Also listed are certain investment professionals responsible for the day-to-day affairs of the Brookside and Sankaty funds, which are affiliated funds of Fund VII.

It then goes on to list 18 managers of the private equity fund. Mitt Romney is not among them. Same goes for an affiliated co-investment fund, whose private placement memorandum is dated September 2000.

Then there is Bain Capital Venture Fund -- the firm's first dedicated venture capital effort -- whose private placement memorandum is dated January 2001. Romney also isn't listed among its "key investment professionals," or as part of its day-to-day operations or investment committee.

All of this could prove problematic for the Obama campaign, which has spent they day crowing over the Globe story (going so far as to hold a media call about it).

"When Mitt Romney ran for governor and now as he's running for president, he consistently claimed he could not be blamed for bankruptcies and layoffs from Bain investments after February 1999 because he departed for the Olympics," said Obama spokeswoman Stephanie Cutter, according to the Globe. "Now, we know that he wasn't telling the truth."

But the contemporaneous Bain documents show that Romney was indeed telling the truth about no longer having operational input at Bain -- which, one should note, is different from no longer having legal or financial ties to the firm.

more at-

Documents: Romney didn't manage Bain funds - The Term Sheet: Fortune's deals blog Term Sheet

Erm..

According to a statement issued by Bain Wednesday, “Mitt Romney retired from Bain Capital in February 1999. He has had no involvement in the management or investment activities of Bain Capital, or with any of its portfolio companies, since that time.”


A former SEC commissioner told the Globe that the SEC documents listing Romney as Bain’s chief executive between 1999 and 2002 cannot be dismissed so easily.


“You can’t say statements filed with the SEC are meaningless. This is a fact in an SEC filing,” said Roberta S. Karmel, now a professor at Brooklyn Law School.


“It doesn’t make a whole lot of sense to say he was technically in charge on paper but he had nothing to do with Bain’s operations,” Karmel continued. “Was he getting paid? He’s the sole stockholder. Are you telling me he owned the company but had no say in its investments?”


The Globe found nine SEC filings submitted by four different business entities after February 1999 that describe Romney as Bain Capital’s boss; some show him with managerial control over five Bain Capital entities that were formed in January 2002, according to records in Delaware, where they were incorporated.


A Romney campaign official, who requested anonymity to discuss the SEC filings, acknowledged that they “do not square with common sense.” But SEC regulations are complicated and quirky, the official argued, and Romney’s signature on some documents after his exit does not indicate active involvement in the firm.


A spokesman for the SEC said the commission could not comment on individual company filings or address the meaning of Romney’s name and title on the documents.


Karmel, the former SEC commissioner, said the contradictory statements could have legal implications in some instances.


“If someone invested with Bain Capital because they believed Mitt Romney was a great fund manager, and it turns out he wasn’t really doing anything, that could be considered a misrepresentation to the investor,’’ she said. “It’s a theory that could be used in a lawsuit against him.”
Government documents indicate Mitt Romney continued at Bain after date when he says he left - The Boston Globe

So, what is the issue?

Romney..and now Bain..said he left in 1999. Yet he filed as Chief executive and sole share holder with SEC, make him responsible for Bain's business decisions.

So..either Romney lied to SEC or to the people.

Your pick.

Both aren't true.

 

[hortysir]

merged

yawn.......

Rtard was late checking his e-mail today, I see.





And, if you don't use you fucking blinker, this time, I'm going to ram right into you!!

 

[C_Clayton_Jones]

Mitt Romney stayed at Bain three years longer than he claimed: As we’ve previously noted, Mitt Romney twice told the Government Ethics Office that he left Bain Capital in February 1999, but there has been plenty of evidence suggesting otherwise. When he left Bain is a critical question, both because a different date than the one he claimed could mean he lied on official forms, and also because Romney has used the early departure date to insulate himself from attacks on Bain’s practices during the early 2000s.

But the Boston Globe reports today that Romney stayed on a full three years longer at Bain than he has claimed. Securities and Exchange Commission documents filed the in the years after 1999 list Romney as the “sole stockholder, chairman of the board, chief executive officer, and president” of Bain. And a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002.

Romney’s Bain lie - Salon.com

This is remarkable in how it comes as no surprise.

 

[Leweman]

Dems sure are making themselves look stupider than usual today.

 

[Soggy in NOLA]

Boy, the left wing whackaloon fest is in full swing!

 

[rdean]

Finally, we've found something really good for Eric Holder to investigate.

 

[Leweman]

The fact that this was debunked by fact check on June 29th is even more embarrassing for the Dems and especially for the Boston Globe. Just pathetic.

 

[Si modo]

Erm..

So, what is the issue?

Romney..and now Bain..said he left in 1999. Yet he filed as Chief executive and sole share holder with SEC, make him responsible for Bain's business decisions.

So..either Romney lied to SEC or to the people.

Your pick.

Both aren't true.

False dichotomy. There have been more than ample explanations for your misinterpretation of what happened.

Obama will likely blame Boooosh for his slander about felonies, though.

 

[Lakhota]

The Bain Shadow Years Loom Larger

by David S. Bernstein

Increased scrutiny of this discrepancy potentially hurts Romney in a number of ways.

First of all, there's Romney's "buck stops here" problem; the buck never seems to stop with him. Everything bad that's ever happened under him -- especially involving Bain -- he always blames on other people, and that just isn't very Presidential. The shadow years look like that in a huge way.

It also reinforces the image of Romney as part of the specially insulated corporate overlord class, who get to manipulate the rules so that they always end up the winner. (I have previously dubbed this "Romney's no-lose life"). He apparently was able to make a lot of money (or at least, what seems like a lot of money to most people) for being president, owner, and investor in a company while actually being off in Utah doing a completely different full-time job.

And, of course, he was apparently freely signing off on anything required of the president and owner, without, apparently, feeling like that meant he actually had any responsibility for anything happening at the company. It looks like legal, regulatory, and fiduciary responsibilities don't really mean anything to super-wealthy executive types -- not like when regular people sign employment documents, or mortgage documents, and so on.

The elevation of the shadow years issue will also increase pressure significantly for Romney to release additional personal financial information, including the tax returns that would indicate his income from Bain Capital sources during that time.

More: The Bain Shadow Years Loom Larger - Talking Politics

 

[Sallow]

So, what is the issue?

Romney..and now Bain..said he left in 1999. Yet he filed as Chief executive and sole share holder with SEC, make him responsible for Bain's business decisions.

So..either Romney lied to SEC or to the people.

Your pick.

Both aren't true.

False dichotomy. There have been more than ample explanations for your misinterpretation of what happened.

Obama will likely blame Boooosh for his slander about felonies, though.

No they haven't.

And in fact..were what you were trying to "nuance" true..then both Bain and Romney lied to share holders..and maybe SEC.

One would call for lawsuits.

The other would call for Jail Time.

 

[Si modo]

Romney..and now Bain..said he left in 1999. Yet he filed as Chief executive and sole share holder with SEC, make him responsible for Bain's business decisions.

So..either Romney lied to SEC or to the people.

Your pick.

Both aren't true.

False dichotomy. There have been more than ample explanations for your misinterpretation of what happened.

Obama will likely blame Boooosh for his slander about felonies, though.

No they haven't.

And in fact..were what you were trying to "nuance" true..then both Bain and Romney lied to share holders..and maybe SEC.

One would call for lawsuits.

The other would call for Jail Time.

Riiiiiight. You stick with that.