I think this could be a very big deal: Mitt Romney stayed at Bain 3 years longer than he stated

[cali]

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.”

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.

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http://bostonglobe.com/news/politics/2012/07/11/government-documents-indicate-mitt-romney-continued-bain-after-date-when-says-left/IpfKYWjnrsel4pvCFbsUTI/story.html

[Tx4obama]

1. Also, Romney Invested Millions in Chinese Firm That Profited on US Outsourcing

Article here: http://www.motherjones.com/politics/2012/07/bain-capital-mitt-romney-outsourcing-china-global-tech

[Dan]

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...

[chollybocker]

3. But we're not allowed to talk about his Bain days.

Except in quiet rooms.

[cali]

4. well here's a loud morning kick

[riderinthestorm]

6. And another kick. I too believe Bain may just be the bane of rMoney (heh)

instead of the asset (another heh) that rMoney likes to portray.

[RockaFowler]

5. I saw that posted somewhere yesterday

Such a load of sh*&(

[bigtree]

7. kick

[GarroHorus]

8. Kicked for potential felony fraud committed by Romney

If he signed SEC documents saying he was resigning as CEO, yet signed other SEC documents later where he was listed as the CEO, he committed felony fraud.