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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell ChipPAC
If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell ChipPAC
by Lasgalen Lothir
Yesterday, I wrote a small, barely-noticed diary entitled "If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell Stericycle". In that diary, I pointed out how W. Mitt Romney's actual signature was on the November 9, 2001 SEC filing documenting Brookside Capital Partner's acquisition of stock in Stericycle, a medical waste company that is involved, among other things, in the disposal of aborted fetuses.
That led me to peruse the EDGAR database a little more, looking for other stock acquisitions between February 11, 1999, when W. Mitt Romney 2012 claims to have left Bain Capital (etc.), and December 31, 2002. This is where I found a few curious things.
<...>
Several of the Bain Capital filings do have his signature, and one of them is one of the "troublesome" ones: ChipPAC.
This was filed on February 14, 2001, just over two years past the date after W. Mitt Romney claims to have left Bain Capital.
If you scroll down in the document, you'll see:
As I noted in my diary yesterday, the "s W. Mitt Romney" represents Romney's actual signature. I can't stress this enough. These aren't documents he left for the other "Managing Directors" of Bain Capital to sign--he signed them himself. In fact, he signed this one twice.
ChipPAC is particularly troubling. The Washington Post, in an article entitled "Romneys Bain Capital invested in companies that moved jobs overseas", wrote
Moreover, it's this deal--the ChipPAC deal--that Romney's demanding Obama apologize for pointing out.
Now, I'm not the first to break this. CBS News addressed it on "Face the Nation" yesterday, Talking Points Memo covered it on Saturday, and the Huffington Post caught it on Saturday.
Nonetheless, it's important to keep the focus on the simple and easy part of this: W. Mitt Romney signed the ChipPAC deal, just like he signed the Stericycle deal.
- more -
http://www.dailykos.com/story/2012/07/16/1110377/-If-Romney-Wasn-t-at-Bain-from-1999-to-2002-He-Forgot-to-Tell-ChipPAC
by Lasgalen Lothir
Yesterday, I wrote a small, barely-noticed diary entitled "If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell Stericycle". In that diary, I pointed out how W. Mitt Romney's actual signature was on the November 9, 2001 SEC filing documenting Brookside Capital Partner's acquisition of stock in Stericycle, a medical waste company that is involved, among other things, in the disposal of aborted fetuses.
That led me to peruse the EDGAR database a little more, looking for other stock acquisitions between February 11, 1999, when W. Mitt Romney 2012 claims to have left Bain Capital (etc.), and December 31, 2002. This is where I found a few curious things.
<...>
Several of the Bain Capital filings do have his signature, and one of them is one of the "troublesome" ones: ChipPAC.
This was filed on February 14, 2001, just over two years past the date after W. Mitt Romney claims to have left Bain Capital.
If you scroll down in the document, you'll see:
s W. Mitt Romney
------------------------------------
W. Mitt Romney
------------------------------------
W. Mitt Romney
As I noted in my diary yesterday, the "s W. Mitt Romney" represents Romney's actual signature. I can't stress this enough. These aren't documents he left for the other "Managing Directors" of Bain Capital to sign--he signed them himself. In fact, he signed this one twice.
ChipPAC is particularly troubling. The Washington Post, in an article entitled "Romneys Bain Capital invested in companies that moved jobs overseas", wrote
Just as Romney was ending his tenure at Bain, it reached the culmination of negotiations with Hyundai Electronics Industry of South Korea for the $550 million purchase of its U.S. subsidiary, Chippac, which manufactured, tested and packaged computer chips in Asia. The deal was announced a month after Romney left Bain. Reports filed with the SEC in late 1999 showed that Chippac had plants in South Korea and China and was responsible for marketing and supplying the companys Asian-made computer chips. An overwhelming majority of Chippacs customers were U.S. firms, including Intel, IBM and Lucent Technologies.
A filing with the SEC revealed the promise that Chippac offered investors. Historically, semiconductor companies primarily manufactured semiconductors in their own facilities, the filing said. Today, most major semiconductor manufacturers use independent packaging and test service providers for at least a portion of their .?.?. needs. We expect this outsourcing trend to continue." (emphasis mine)
A filing with the SEC revealed the promise that Chippac offered investors. Historically, semiconductor companies primarily manufactured semiconductors in their own facilities, the filing said. Today, most major semiconductor manufacturers use independent packaging and test service providers for at least a portion of their .?.?. needs. We expect this outsourcing trend to continue." (emphasis mine)
Moreover, it's this deal--the ChipPAC deal--that Romney's demanding Obama apologize for pointing out.
Now, I'm not the first to break this. CBS News addressed it on "Face the Nation" yesterday, Talking Points Memo covered it on Saturday, and the Huffington Post caught it on Saturday.
Nonetheless, it's important to keep the focus on the simple and easy part of this: W. Mitt Romney signed the ChipPAC deal, just like he signed the Stericycle deal.
- more -
http://www.dailykos.com/story/2012/07/16/1110377/-If-Romney-Wasn-t-at-Bain-from-1999-to-2002-He-Forgot-to-Tell-ChipPAC
If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell Stericycle
http://www.democraticunderground.com/1002952980
http://www.democraticunderground.com/1002957386
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If Romney Wasn't at Bain from 1999 to 2002, He Forgot to Tell ChipPAC (Original Post)
ProSense
Jul 2012
OP
So Romney actually signed deals while retroactively retired? Proof of Lies or Fraud?
The Wielding Truth
Jul 2012
#5
malaise
(267,800 posts)1. Excellent post
Rec
RedStateLiberal
(1,374 posts)2. Baingate has more smoking guns than a NRA convention
or...
Baingate has more smoking guns than a 80s action movie.
ProSense
(116,464 posts)3. Pretty soon
Mitt's going to feign ignorance: Bain who?
aint_no_life_nowhere
(21,925 posts)4. K&R
The Wielding Truth
(11,411 posts)5. So Romney actually signed deals while retroactively retired? Proof of Lies or Fraud?
Rosa Luxemburg
(28,627 posts)6. The Romney campaign should be quizzed on this - preferably on TV
Segami
(14,923 posts)7. Excellant! K&R
midnight
(26,624 posts)8. Hmm Rmoney seems to have disqualified himself from the job of President of the United States...
askyeshua
(59 posts)9. I guess those interviews didn't work huh?
So the release of damning Bain documents is now becoming a daily occurrence. Surely, he will now release those tax returns?? Maybe not