The REAL real reason Romney MUST say he left Bain in February 1999 [View all]

[ProSense]

The REAL real reason Romney MUST say he left Bain in February 1999

by MKSinSA

Like all presidential candidates, Romney has to submit a financial disclosure statement to the Office of Government Ethics. He filed his most recent one last month, and the disclosure contains a very clearly stated footnote:

Mr. Romney retired from Bain Capital on February 11, 1999 to head the Salt Lake (Olympics) Organizing Committee. Since February 11, 1999, Mr. Romney has not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way.

Why? According to a February 11, 1999, AP article by Kirsten Moulton: (h/t Shuksan Tahoma)

Romney will have to sever ties with any companies that do business with the games. Bain Capital has ownership stakes in many companies and Romney serves on various corporate boards.

If Romney does not say he was completely gone from Bain by Feb. 11, then he breached his Olympic contract.

It was also vitally important for him to protect his Olympic legacy, considering he was parachuted in to fight corruption in the organization. Bringing a scandal of his own would have put him in the record books right alongside the other fired officials.

http://www.dailykos.com/story/2012/07/14/1110033/-The-REAL-real-reason-Romney-MUST-say-he-left-Bain-in-February-1999

Romneyland responds: 'This is nothing more than a quirk in the law'
http://upload.democraticunderground.com/1002935930

If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell the Business Press
http://www.democraticunderground.com/1002948620

Mitt, meet EDGAR. Hammer, meet nail.
http://www.democraticunderground.com/1002949350

On edit: Seems all these reports contradict the disclosure mentioned in the DK diary.

Mitt has some explaining to do.