Bain documents: "worthless" files or "unauthorized disclosure" of "confidential" statements?

[ProSense]

FORTUNE: Gawker's worthless 'Bain files'

Posted by
FORTUNE's Dan Primack

FORTUNE – Gawker today published what it's calling The Bain Files, hundreds of pages of audited financials and private placement memoranda for old Bain Capital funds. Let me save you some time: There is nothing in there that will inform your opinion of Mitt Romney.

How do I know? Because I saw many of the exact same documents months ago, after requesting them from a Bain Capital investor. What I quickly learned that that there was virtually nothing of interest, except perhaps for private equity geeks learning exactly how much Bain paid for a particular company back in 2006. Sure I would have loved the pageviews, but not at the expense of tricking readers into clicking on something of so little value.

FULL STORY

http://politicalticker.blogs.cnn.com/2012/08/23/gawkers-worthless-bain-files/comment-page-1/

Boston Globe:

<...>

Romney spokeswoman Michele Davis said in a statement, “As we have said many times before, Governor and Mrs. Romney’s assets are managed on a blind basis. They do not control the investment of these assets, the investment decisions are made by a trustee.”

Meanwhile, Bain said in a statement that, “The unauthorized disclosure of a number of confidential fund financial statements is unfortunate. Our fund financials are routinely prepared by auditors and demonstrate a commitment to transparency with our investors and regulators, and compliance with all laws.”

The documents posted by Gawker are reports that Bain provides to its investors, including Romney. The candidate had a 10-year retirement payout deal through 2009 that continued to give him lucrative stakes in Bain hedge funds, distressed debt funds and the private equity funds the firm became known for when Romney ran it, from 1984 to 1999. (He remained CEO, with legal control of the firm, until 2002 but was in Utah running the Olympics.)

http://bostonglobe.com/business/2012/08/23/bain-documents-show-romney-investments/QTpshs0lxoIch45N19ChvL/story.html

Who cares, they'll be revealing enough, and obviously a few people are worried.

What is Mitt hiding?

Gawker Posts 950 Pages Of Bain Documents (updated 2x)
http://online.wsj.com/article/SB10000872396390444270404577605140607907860.html?mod=googlenews_wsj

[napkinz]

1. just call Mitt ...

[ProSense]

2. Mitt wrote

a compostion about his summer vacation: http://www.democraticunderground.com/10021189386

[napkinz]

4. excuse me while I ...

"The lessons I learned over my 15 years at Bain Capital were valuable in helping me turn around the 2002 Winter Olympics in Salt Lake City. They also helped me as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7%. The lessons from that time would help me as president to fix our economy, create jobs and get things done in Washington."

WHAT BULLSH*T!!!!!!!!!!!!!!!!!!!!!!

[nc4bo]

5. And it's easily verifiable bullshit.

Very easily thanks to the inter nets.

[napkinz]

6. forget that 4.7% ...

Here's the number he won't talk about:

[nc4bo]

3. Hmmm.....seems I've heard something else to do with the R/R ticket was deemed worthless too.

I believe it had to do with one Mr. Ryan that last time.