cali (71,840 posts)
I think this could be a very big deal: Mitt Romney stayed at Bain 3 years longer than he stated
July 12, 2012
Nine SEC filings submitted by four different business entities after February 1999 describe Romney as Bain boss.
Firm’s 2002 filings identify him as CEO, though he said he left in 1999
Government documents filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.
Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.â€
Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital in 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive†in 2001 and 2002, separate from investment earnings.
The timing of Romney’s departure from Bain is a key point of contention because he has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date.
<snip>
http://bostonglobe.com/news/politics/2012/07/11/government-documents-indicate-mitt-romney-continued-bain-after-date-when-says-left/IpfKYWjnrsel4pvCFbsUTI/story.html
Dan (676 posts)
2. If memory serves me
The Bush administration supported a Congressional bill that rewarded or provided tax credits to companies that outsourced jobs to foreign countries. I wonder if this might be a smoking gun that Mitt doesn't want revealed...that maybe part of his wealth comes from taking advantage of that legal tax credit opportunity.
Just a thought...
Without saying it, they're showing you exactly how it's so easy to set up an authoritarian dictatorship/banana republic among leftists. They jail political enemies as well. Now, when their political enemies are taken out, they start in on the people on their side that have one minor disagreement with the establishment they once supported.
Take a history lesson, you DUmbasses.
It's the same with their site, DUmmcratU.... A member can toe the line (yes lurking DUmmies, it is 'toe', not 'tow', as you frequently type) for thousands of posts, and with one minor disagreement the member is banned.
In their world of intolerance, they cannot tolerate disagreement.
If the Obama campaign were correct, Romney would be guilty of a federal felony by certifying on federal financial disclosure forms that he left active management of Bain Capital in February 1999….
And after reviewing evidence cited by the Obama campaign, we reaffirm our conclusion that Romney left the helm of Bain Capital when he took a leave of absence in 1999 to run the Salt Lake City Organizing Committee for the 2002 Winter Olympics – as he has said repeatedly — and never returned to active management. The Obama campaign’s recent ads thus mislead when they point to investments made by Bain, as well as management decisions made by companies in which Bain invested, after that time.
What does the Obama campaign have in rebuttal? Very little, and none of it convincing in our judgment.
Much of the Obama campaign’s letter is devoted to quoting portions of documents filed with the Securities and Exchange Commission. In summary, the letter states there are “at least 63 filings with that agency after March 1, 1999 that list various Bain entities and describe them as ‘wholly owned by W. Mitt Romney.’†That’s true, but not relevant.
We have never disputed that Romney remained the owner of Bain while he was running the Olympics committee. The issue always has been, who was running Bain? Nothing in the SEC documents contradicts what Romney has certified as true.
On that point, the Obama campaign cites snippets of a few news clippings to make a case that Romney was still a part-time manager of Bain after he left to run the Olympics. But a close reading shows these news accounts don’t contradict Romney either.
Uh Oh!
http://www.washingtonpost.com/blogs/fact-checker/post/mitt-romney-and-his-departure-from-bain/2012/07/12/gJQAASzUfW_blog.html
LuckyTheDog (5,373 posts) Thu Jul 12, 2012, 12:52 PMNo arms?
I think that Boston Globe story about Romney has legs. Could Mitt drop out?
Who else suspects that Santorum has been on the phone with donors today?
It seems like a long shot that Mitt will drop out. But it isn't inconceivable.
backscatter712 (15,540 posts) Thu Jul 12, 2012, 02:05 PMIt's more fun watching primatives freak out over a non-issue. :panic:
So if Romney is forced to withdraw over that felony thing... Who would replace him?
Presumably, his delegates at the RNC get released, which means it's gonna be a convention floor fight, and they'll pick anyone they want.
Who would they pick? Santorum? Perry? Cain? Paul?
This could be fun to watch...
Could Mitt drop out?If that's what they want to hang their hat on, I'm all for it.
(http://davepear.com/blog/wp-content/uploads/2010/10/Charlie-Brown-Lucy-Moves-the-Football-Again.png):rotf: H5
If that's what they want to hang their hat on, I'm all for it.
Anyone got any popcorn?
“President Obama’s campaign hit a new low today when one of its senior advisers made a reckless and unsubstantiated charge to reporters about Mitt Romney that was so over the top that it calls into question the integrity of their entire campaign,†said Matt Rhoades, Campaign Manager of Romney For President. “President Obama ought to apologize for the out-of-control behavior of his staff, which demeans the office he holds. Campaigns are supposed to be hard fought, but statements like those made by Stephanie Cutter belittle the process and the candidate on whose behalf she works.â€
Uh Uh Oh!
http://newsninja2012.com/breaking-news-romney-demands-apology-for-felon-lie/
Romney demands an apology:
Okay --
There is no way I'm not enthusiastically voting for Romney now -
Why ?
Romney is capable of running the Winter Olympics while micromanaging Bain Capital at the same time, whereas our current president doesn't even know what his cabinet and his other appointees are doing, especially when they screw up. For example, How Obama had no knowlege of Fast & Furious, and neither did Holder-- would that happen under Romney ? NO WAY ! He can run a successful Olympics program while running a company that is paid to run other companies.
Romney is multitasking machine !
Isn't that right, DUmmies ?
Also, Obama claims he didn't know how bad the economy was when he took over. He is clueless.
Indeed -
RE : Bain Capital -
The DUmmies really should lay off on referring to Bain, else people will start learning what Bain does, and realize that a "takeover" by Bain is exactly what the US needs. A new group of people dedicated to cutting costs, increasing productivity, and 'righting the ship'
Bain does the same thing with companies that the Government did with GM. But since Romney was running it, it was a bad thing...... Of course, what the government did to GM was a great thing.
To take it one step further, Harry Reid said today that Mitt Romney couldn't even be confirmed as dog catcher.
I know there's a joke in there somewhere, I just can't come up with it right now. If a conservative had said that about Barack Obama, they'd be called racist or something.
But what a stupid idiotic statement.
The DUmmies are doubling down on this,
http://www.democraticunderground.com/1002938063
They are truly convinced that this will land Romney in jail.
Another thread on this,
http://www.democraticunderground.com/1002938054
This is Fitzmas all over again.
I'm disappointed. I was expecting real toast.But he has legs, and, the tide is turning.
:badmood:
The DUmmies are doubling down on this,
http://www.democraticunderground.com/1002938063
They are truly convinced that this will land Romney in jail.
Another thread on this,
http://www.democraticunderground.com/1002938054
This is Fitzmas all over again.
Yes they are, so many threads on this that one here was enough IMO. That retard "LynneSin" actually thinks the GOP is going to dump Mitt Romney over this:
http://www.democraticunderground.com/1002938694
::)
LynneSin (86,246 posts)
So who is going to replace Romney as the GOP Nominee for President
I can't see this sorry sack of sh*t making it thru the convention. He's damaged goods. Between the lies about his tenure at Bain Capital, the offshore accounts he refuses to disclosed and being booed by the largest civil rights group in the country - this guy is just a mess. And now that the Boston Globe says they stand by their story (Team Rmoney tried to force a retraction) that means there could be federal charges against Mittens.
I'm guessing that there will be a bigass juicy fight as the delegates start to abandon Mitt like the's the HMS Titanic and they just hit an iceberg.
Who do you think we'll weasel their way in as the nominee.
Poor deluded DUmmies.It's LynneSin. She makes brickwork look intelligent.
Romney attacked on Bain question
Obama campaign accuses Mitt Romney of lying about Bain tenure
They (Obama admin.) have been so tone deaf recently. I wonder if they are dumb enough to turn the justice dept loose on Romney (the Chicago way). Talk about your constitutional crisis.
http://www.boston.com/news/politics/articles/2012/07/13/obama_campaign_accuses_mitt_romney_of_lying_about_bain_tenure/?p1=News_links
Globe headlines today. Facts never get in the way of pushing the liberal agenda.
The first red flag for the hopelessly misfit on the Island should have been the source. Silly halfwits are foiled again.
JOHN KING, CNN CHIEF NATIONAL CORRESPONDENT: When you show those SEC filings, there's the reason to doubt it. And they're going to have to explain that away. That's a government document. It is filed with the United States government.
Here's how they explain it. They say he left in February 1999, that it took almost two years to have the new management team put in place, and that they're required by law until that new team is in place to list Romney as the top guy.
Is there any evidence that he had a hands-on role? No. You heard what Governor Romney said, "The Washington Post," FactCheck.org, our partners at "Fortune" magazine. I today have either spoke or communicated by e-mail with four current or former Bain officials. Three of these four are Democrats. Two of them are active Obama supporters in campaign 2012.
They were all there at the time. They say Mitt Romney left in a hurry in February 1999 to take over the Olympics and he was never involved after that to their knowledge, not in any meetings. Not signing any documents. Not involved in any deals. Again, three of these four are Democrats, and they say what the Obama campaign is saying isn't true.
Those people are so stupid. Romney has not lied about any of his records, or time at Bain. He has said that he quit running the company in 1999 and remained owner of it until 2002. There is nothing illegal about that.
I DON’T CARE when Romney left Bain, When is Obama Leaving the WH
I DON’T CARE when Romney left Bain, When is Obama Leaving the WH
When the MARINES drag his and Moochelles ass out kicking and screaming.
The DUmp has endless boring, dopey, breathless threads about this, which I didn't peruse. Curiously, in the real world, it doesn't seem to be producing much buzz around the watercooler. :yawn:
It's gonna be a replay of Billy Jeff in 2001.
You'll never hear a word from MSM about any destruction to government property and/or theft by this bunch when they leave Washington....not a single word.
Four members of Bain's upper management (including two high dollar ABM fundraisers) have come out & said it has no legs. Didn't even take 24 business hours.So, no legs ? You know what that means. Don't you ?
So, no legs ? You know what that means. Don't you ?
Indeed.and...(http://sweeticedtea.files.wordpress.com/2010/07/bread-crusts.jpg)
No toast.
Did anyone ever keep count of how many times they claimed that George W was toast during his two terms?
Did anyone ever keep count of how many times they claimed that George W was toast during his two terms?Well, the tide turned twice daily during his 2 terms. I'll go with that answer.
We're gonna need a bigger calculator!!!
[center
Above : IBM's 'Watson' - When asked about how many times President GW Bush was declared 'toast' by the left, Watson replied. "F--- That. I could sooner answer the question about Life, The Universe, and Everything. How about a nice game of chess ?"[/center]
(http://www.linuxfordevices.com/images/stories/ibm_watson.jpg)
Above : IBM's 'Watson' - When asked about how many times President GW Bush was declared 'toast' by the left, Watson replied, "F--- That. I could sooner answer the question about Life, The Universe, and Everything. How about a nice game of chess ?"
(http://www.linuxfordevices.com/images/stories/ibm_watson.jpg)
Above : IBM's 'Watson' - When asked about how many times President GW Bush was declared 'toast' by the left, Watson replied, "F--- That. I could sooner answer the question about Life, The Universe, and Everything. How about a nice game of chess ?"
No one likes my 2 tides a day estimate ? Everyone is getting caught up in the personality of Watson (sad face).
Did anyone ever keep count of how many times they claimed that George W was toast during his two terms?
No one likes my 2 tides a day estimate ? Everyone is getting caught up in the personality of Watson (sad face).
The supercomputer is still working on it.
I think Its because I managed to hit two geek anthems in one post :-) I tried to get a Star Wars reference in there too, but it seemed to be stretching. :-) ("I am fluent in over six million forms of communication")Well, all I can say is...grrrrrrrrrr !