General Discussion

Igel

(37,543 posts)

32. Yes.

Thu Jul 12, 2012, 08:31 PM

Jul 2012

1. I don't think it was SEC filings.

2. Bain didn't say Romney was operationally in charge of Bain. He was CEO and "sole director", but of Bain VI. Bain VI controlled Bain Investments, but that doesn't mean operational control. Our CEO was on forced leave for 17 months and was CEO, but we didn't let him have control over so much as a paperclip.

3. I don't understand what tax benefits you'd get from "operational control" or formal, non-operational control that you wouldn't get from dividends or from investment income. Linky?

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BAINGATE Explained: People, this is no joke and SEC should press the tax issue [View all] uponit7771 Jul 2012 OP

Grab the popcorn... snacker Jul 2012 #1

Silly OP, only little people go to jail... n/t Earth_First Jul 2012 #2

Yeah, Martha was only worth 150million sooooo yeah.....she had to go...silly me :) I hope this has.. uponit7771 Jul 2012 #3

I think Martha's a Democrat FiveGoodMen Jul 2012 #11

IOKIYAR rufus dog Jul 2012 #4

Had that same thought. bluestateboomer Jul 2012 #21

Shameless kick, do I have anything wrong outline? uponit7771 Jul 2012 #5

This really needs to go viral Marrah_G Jul 2012 #6

Well, first to the GOP...they'd understand something this simple...The Obama admin... uponit7771 Jul 2012 #7

Statute of Limitations is 7 years. n/t ieoeja Jul 2012 #8

Crap, for the IRS...I think you're right but what about the SEC? uponit7771 Jul 2012 #9

Maybe not Kalidurga Jul 2012 #10

+1! uponit7771 Jul 2012 #14

+2 AnotherMcIntosh Jul 2012 #38

But isn't that 7 years from when the crime was reported? KansDem Jul 2012 #12

I just don't ever want him to be elected, he would be the black death siligut Jul 2012 #13

Questions about Baingate OmahaBlueDog Jul 2012 #15

At the least an investigation should be started based of .... uponit7771 Jul 2012 #16

Me thinks.......... Swede Atlanta Jul 2012 #17

Man are Repubs in trouble. caseymoz Jul 2012 #18

I wonder what would happen if Romney was found guilty and jailed before November elections sakabatou Jul 2012 #19

It does sound like something illegal in all this. DCBob Jul 2012 #20

For those of you out there who would like to visualize..... DeSwiss Jul 2012 #22

+1!...have you read about the Governor disclosures yet? rMoney says under oath that he uponit7771 Jul 2012 #23

No I hadn't..... DeSwiss Jul 2012 #28

But he was a shareholder. Igel Jul 2012 #30

now we see the motive for romney NOT wanting to release his tax forms spanone Jul 2012 #24

Yeap, at some point the SEC can ask and then make rMoney force a subpena...then things REALLY uponit7771 Jul 2012 #25

he has to respond. i don't think this will just go away. spanone Jul 2012 #26

I can't see the SEC or any other federal agency taking any formal action mysuzuki2 Jul 2012 #27

Exactly. Whether Romney is guilty or not, it'll never be prosecuted. n/t FSogol Jul 2012 #31

I hope this ends in indictments... I like my re-bacon nice and crispy. D23MIURG23 Jul 2012 #29

Yes. Igel Jul 2012 #32

3. is easy, tax deduction from operating as an employee of bain just like I get as an uponit7771 Jul 2012 #33

People get reimbursed for things? Igel Jul 2012 #34

Yes, if they're OPERATIONAL they do...and yes, if you're taking deductions for operting the company uponit7771 Jul 2012 #37

I would like to know if he marked passive or material activity. nt Ruby the Liberal Jul 2012 #35

He's a lying criminal, that's exactly why (R)s like him just1voice Jul 2012 #36

well put icarusxat Jul 2012 #40

This is the CLEAREST explanation I have seen or heard anywhere. annabanana Jul 2012 #39

Actually fact 2 is the FEC filings 2 months ago not SEC, post editied uponit7771 Jul 2012 #41