Skip to main content

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.


In the comments, we've been discussing the significance of this timing and what evidence is there that what the Romney campaign says about cutting ties with Bain is false.

In testimony before the state Ballot Law Commission on June 17, 2002

“[Romney] succeeded in that three-year period in restoring confidence in the Olympic Games, closing that disastrous deficit and staging one of the most successful Olympic Games ever to occur on US soil,” said Peter L. Ebb from Ropes & Gray. (Romney's lawyer)

“Now while all that was going on, very much in the public eye, what happened to his private and public ties to the Commonwealth of Massachusetts? And the answer is they continued unabated just as they had.”

As this was sworn testimony, we are supposed to take Romney's lawyer and his client, a Harvard JD who didn't correct the record, at their word.

More about Mitt's residency and tax problems and how Massachusetts Republican "Angels" saved his bacon.

Originally posted to MKSinSA on Sat Jul 14, 2012 at 06:16 PM PDT.

Also republished by The Bain Files.

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, Sylv, nota bene, Chi, Ray Radlein, True North, importer, greenbird, Emerson, dengre, Pescadero Bill, Wintermute, hyperstation, eeff, saluda, blksista, WI Deadhead, the OTHER rasmussen, hubcap, Heart of the Rockies, JLFinch, Christian Dem in NC, opinionated, concernedamerican, bronte17, justme, cskendrick, parker parrot, Wee Mama, whenwego, AlyoshaKaramazov, mkfarkus, mrblifil, barath, MazeDancer, jalbert, Bill Roberts, Nate Roberts, Siusaidh, antirove, Quege, Lilyvt, Texknight, RLF, ammaloy, dejavu, psnyder, MA Liberal, white blitz, jaywillie, cosette, JimWilson, Calidrissp, chickeee, Sophie Amrain, sandyknauer, Matt Esler, ybruti, bobnbob, lonespark, Vicky, tomjones, Wife of Bath, Black Max, Albanius, sebastianguy99, sawgrass727, Dirk McQuigley, vcmvo2, ExStr8, maybeeso in michigan, oldhousepoor, caliberal2001, Gary Norton, Navy Vet Terp, eru, cassidy3, Sandino, kaliope, AnotherMassachusettsLiberal, Savvy813, Ginny in CO, mph2005, Brian B, bookwoman, sgary, kkjohnson, Alan Arizona, kathny, Jim R, Nowhere Man, Mother Mags, martini, golem, myboo, ferallike, hungrycoyote, Kimball Cross, HoundDog, Gorette, Yellow Canary, liberalconservative, Dvalkure, kestrel9000, technomage, Shakludanto, Son of a Cat, fou, TalkieToaster, global citizen, philipmerrill, gpoutney, Terminus, myrealname, middleagedhousewife, AllDemsOnBoard, SingerInTheChoir, doingbusinessas, Clive all hat no horse Rodeo, Texdude50, Statusquomustgo, Delta Overdue, markthshark, Little, Winston Sm1th, Cronesense, Debs2, Positronicus, Msinformed, edsbrooklyn, deepeco, sfbob, joedemocrat, bnasley, rantsposition, tcdup, Killer of Sacred Cows, uciguy30, BasharH, Empower Ink, JDWolverton, JayC, gundyj, mamamedusa, Sixty Something, Foundmyvoice, NewDealer, bythesea, elwior, filby, lineatus, Its any one guess, jamess, mikeconwell, rssrai, royce, Cassandra Waites, Jeff Y, Blueslide, palantir, ekyprogressive, cactusflinthead, statsone, fayea, oldliberal, MrsTarquinBiscuitbarrel, Neon Vincent, greengemini, hummingbird4015, Carol in San Antonio, jennylind, shopkeeper, petral, geebeebee, NWTerriD, kevinpdx, Keith Pickering, sfarkash, 57andFemale, astral66, montecristo, Lefty Ladig, BlueOak, brentbent, coppercelt, confitesprit, TFinSF, NJpeach, politik, Anima, Lost and Found, manyamile, DiegoUK, ericlewis0, slice, theKgirls, Onomastic, praying manatheist, yellow cosmic seed, Bob Duck, bgblcklab1, freesia, OhioNatureMom, CoExistNow, Haf2Read, marleycat, zukesgirl64, Kokomo for Obama, Cinnamon, Cinnamon Rollover, thomask, Wheever, KVoimakas, rk2, SueM1121, Andrew F Cockburn, MA Mom, Vatexia, Hayate Yagami, Sunspots, thejoshuablog, Mentatmark, Nashville fan, No one gets out alive, Only Needs a Beat, hulibow, daysey, RhodaA, Inkberries, Siri, IndieGuy, Eric Nelson, congenitalefty, Horace Boothroyd III, radical simplicity, hardart, MartyM, Vote4Obamain2012, arizonablue, rat racer, Kinak, marty marty, Glen The Plumber, tripodisblack, Shuksan Tahoma, CalBearMom, Canis Aureus, nomandates, Panacea Paola, Late Again, weck, entrelac, AguaEcon, MarEng, Icicle68, katiekitteh, Smoh, addikell

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site