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Wed Jul 25, 2012, 09:26 AM

FACT CHECK: Romney-Bain contacts outlasted exit

FACT CHECK: Romney-Bain contacts outlasted exit

By JACK GILLUM and STEPHEN BRAUN

WASHINGTON (AP) Republican presidential candidate Mitt Romney has said he had no active role in Bain Capital, the private equity firm he founded, after he exited in February 1999 to take over Salt Lake City's Winter Olympics bid. But according to Bain associates and others familiar with Romney's actions at the time, he stayed in regular contact with his partners over the following months, tending to his partnership interests and negotiating his separation from the company.

Those familiar with Romney's discussions with his Bain partners said the contacts included several meetings in Boston, the company's home base, but were limited to matters that did not affect the firm's investments or other management decisions. Yet Romney continued to oversee his partnership stakes even as he disengaged from the firm, personally signing or approving a series of corporate and legal documents through the spring of 2001, according to financial reports reviewed by The Associated Press.

The details of Romney's contacts with his Bain partners between his 1999 departure and his separation from the company in mid-2001 could show how involved he was either as CEO or passive investor in several multimillion-dollar investment deals, bankruptcies and a spate of layoffs and overseas job shifts at Bain-owned companies that reportedly occurred during that span. Romney's role became a campaign issue in recent weeks because corporate records from the time showed his interests in some of those deals despite his insistence that he gave up any decision-making authority once he left Bain.

<...>

Romney testified during a 2002 Massachusetts court case that he flew back and forth between Boston and Salt Lake City frequently in the first half of 1999, returning at least four times to attend board meetings of office supply giant Staples Inc., which had named him a director. Romney said nothing about his dealings with Bain during that testimony, which came during a legal challenge to his Massachusetts residency that was aimed at thwarting his campaign for governor.

- more -

http://news.yahoo.com/fact-check-romney-bain-contacts-outlasted-exit-064707748.html


Romney Interview Directly Contradicts His Previous Statements About Bain Tenure
http://www.democraticunderground.com/1002945280

Yes, Romney Perjured Himself
http://www.democraticunderground.com/1002960206

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Reply FACT CHECK: Romney-Bain contacts outlasted exit (Original post)
ProSense Jul 2012 OP
uponit7771 Jul 2012 #1
malaise Jul 2012 #2
Melissa G Jul 2012 #4
ProSense Jul 2012 #5
global1 Jul 2012 #3
ProSense Jul 2012 #6

Response to ProSense (Original post)

Wed Jul 25, 2012, 09:29 AM

1. "contacts" my ass, He was still an active employee at Bain...his returns would show this

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Response to ProSense (Original post)

Wed Jul 25, 2012, 09:29 AM

2. Rmoney is a pathological LIAR

Never have I seen anyone running for the Presidency LIE so blatantly and so publicly. It is unfuggingbelievable.

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Response to malaise (Reply #2)

Wed Jul 25, 2012, 09:56 AM

4. Bush et al lied this much and this blatantly.

The media did not call them on it either.

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Response to malaise (Reply #2)

Wed Jul 25, 2012, 11:02 AM

5. Yup! n/t

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Response to ProSense (Original post)

Wed Jul 25, 2012, 09:38 AM

3. When Will We See A Second Round Of Bain Revelations.....

that will again put Rmoney on the defensive and get him off talking points. Will it be before the Repug Convention or after or not at all?

When will we be demanding more info on his taxes or has that issue burnt itself out?

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Response to global1 (Reply #3)

Wed Jul 25, 2012, 11:15 AM

6. There is

"When Will We See A Second Round Of Bain Revelations.....that will again put Rmoney on the defensive and get him off talking points...When will we be demanding more info on his taxes or has that issue burnt itself out?"

...enough out there to keep Mitt running from his record.

Mitt plans to hide behind Ann's skirts 'cause Obama's so mean
http://www.democraticunderground.com/10021015244

35 Questions Mitt Romney Must Answer About Bain Capital Before The Issue Can Go Away
http://www.forbes.com/sites/tjwalker/2012/07/14/35-questions-mitt-romney-must-answer-about-bain-capital-before-the-issue-can-go-away/

The OP adds more.

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