Skip to main content

David CornNew and hot off the press,  brings us some more great journalism :

below the squiggle

Please read the article !

Did Rmoney make false statements on his financial disclosure ?

But there is another reason for the Romney crew to worry about this controversy: Romney may have made a false statement on a federal financial disclosure form, and doing so is a felony punishable by up to one year of imprisonment and a $50,000 fine.
Here is the statement Romney affirmed:
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.
And here is the problem Corn found :
There's no ambiguity there: not involved in Bain operations in any way. But that's not true.

As I reported, in November 1999, Romney signed a SEC filing that noted he was the "sole shareholder, Chairman, Chief Executive Officer and President" of several Bain entities that had acquired 22 percent of medical waste firm Stericycle. The form also stated that Romney shared "voting and dispositive power with respect to" 2,116,588 shares of common stock in Stericycle "in his capacity as sole shareholder" of the Bain entities that were part of this $75 million investment.

To repeat: Romney signed a Bain document pursuant to a $75 million deal. That would appear to qualify as involvement in Bain activity.

And David Corn says that tips are pouring in. Great journalist and Great work by David Corn. Please read the article.

TPM - want minutes of Bain Capital Meetings

7:19 PM EDT, Friday July 13, 2012
Obama Camp ‘Not Satisfied’ With Romney’s Answer On Bain

President Obama’s campaign is “not satisfied” with the details of Mitt Romney’s departure from Bain Capital, and would like to see more of Romney’s tax returns as well as minutes from Bain Capital meetings, reports NBC’s White House correspondent Kristen Welker.

In interviews with five television networks on Friday evening, the former governor maintained that he had no direct involvement with the management of Bain Capital after February 1999, and suggested he would not be releasing additional tax returns.

This suggests strongly that President Obama and OFA know the minutes of the Bain Capital meetings would be damaging to Rmoney. Wow !

Willard tries to weasel out and has no answers

And he backed off of the credit he took for Staples. So, now, how is he a job creation expert ? He's never shown any ability to create jobs.

Mitt Romney offered up few new details on his role at Bain Capital and said that voters should not expect more information on his finances during a slate of primetime TV interviews.

Romney again insisted that he bore no responsibility for any investments or actions taken by Bain from 1999-2002

On Friday, he told CNN that his relationship with Staples should not be considered relevant, since Bain was no longer invested in the office giant and his work was “totally on a personal basis.” He told CBS that “I don’t recall even coming back once to go to a Bain or management meeting.”

Actually, when you leave an enterprise and you have other people who are managing the enterprise, who take responsibility for the investment decisions, who decide who’s going to get hired and fired, who decide compensation decisions, they’re the managers, they’re the people running the business,” Romney said.

Romney told the Massachusetts Ballot Law Commission in 2002 that he attended meetings with some companies where he sat on the board, including Staples, where Bain was an early investor, and LifeLike, a company in which Bain was still invested.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Sharoney, bink, Mimikatz, nota bene, TXdem, Mogolori, Chi, True North, loretta, Catsy, ogre, slinkerwink, askew, greenbird, Emerson, dengre, Wintermute, SanJoseLady, hyperstation, lysias, belle1, jdld, mslat27, eeff, dash888, RFK Lives, hubcap, Bugsby, opinionated, concernedamerican, bronte17, Babsnc, susans, litho, Einsteinia, sharman, macleme, Pithy Cherub, Jeffersonian, xopher, barath, CanisMaximus, pollbuster, retLT, MJB, itskevin, Rona, jhklawyer, CocoaLove, revsue, Hiram615, tomephil, EntrWriter, VexingEyes, Dallasdoc, virginislandsguy, jaywillie, yet another liberal, texasmom, wdrath, BMarshall, mnguitar, defluxion10, samoashark, harrije, KayCeSF, jcrit, Sybil Liberty, sawgrass727, ExStr8, kbman, maybeeso in michigan, Bluesee, DianeNYS, Ckntfld, UncleCharlie, LarisaW, subtropolis, Alice Venturi, kitchen sink think tank, Dobber, reflectionsv37, fixxit, eru, Beetwasher, Pam from Calif, Overseas, deep, rb608, Savvy813, Shotput8, sgary, Alan Arizona, DivaBabe, cybersaur, ferallike, HoundDog, Gorette, Yellow Canary, fou, eglantine, global citizen, plf515, middleagedhousewife, Clive all hat no horse Rodeo, Stripe, SD Goat, Delta Overdue, Temmoku, sea note, Little, OHdog, DBunn, pat of butter in a sea of grits, Haningchadus14, gloriana, linkage, edsbrooklyn, FishOutofWater, LillithMc, Matt Z, flumptytail, bnasley, rantsposition, jedennis, theChild, tcdup, uciguy30, spearfish, vet, Empower Ink, TX Freethinker, gfv6800, GAS, Foundmyvoice, elwior, CPDem81, beltane, rssrai, Jeff Y, glendaw271, TexanJane, Nica24, dmhlt 66, vmdairy, statsone, MrsTarquinBiscuitbarrel, Bule Betawi, Rhysling, litoralis, greengemini, Carol in San Antonio, shopkeeper, CamillesDad1, EquationDoc, oxfdblue, jomi, kevinpdx, Keith Pickering, stevenwag, sfarkash, Tortmaster, Livvy5, Larsstephens, ruscle, brentbent, Renie57, NJpeach, sunny skies, TimmyB, JoanMar, gulfgal98, pixxer, dlemex, DiegoUK, sharonsz, rja, BlueFranco, ericlewis0, cocinero, petesmom, ZedMont, slice, Wisdumb, no way lack of brain, Jane Lew, praying manatheist, Dretutz, ozsea1, bgblcklab1, sfcouple, slowbutsure, stone clearing, lexalou, Cinnamon, Cinnamon Rollover, thomask, BarackStarObama, blw, floridablue, 1718bill, Grandma Susie, createpeace, sound of progress, Caddis Fly, disconnect the dots, Andrew F Cockburn, randomfacts, LaurenMonica, thejoshuablog, Mentatmark, ParkRanger, Frankenheimer, AnnetteK, hulibow, daysey, JTinDC, RhodaA, anodnhajo, IndieGuy, foucaultspendulum, a2nite, Farkletoo, dog in va, Spirit Dancer, Olkate, MartyM, OllieGarkey, sexgenderbody, rat racer, scilicet, Kinak, Glen The Plumber, wasatch, databob, Robynhood too, CalBearMom, DamselleFly, txdoubledd, Dallas L, Herodotus Prime, dear occupant, entrelac, howabout, Icicle68, Fordmandalay, Jim Domenico

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site