In the discussion thread: Mitt Romney's Signature Appears On Bain SEC Filings During Time He Said He Left Bain [View all]
Response to Cali_Democrat (Original post)
Fri Jul 13, 2012, 06:13 PM
markpkessinger (4,344 posts)
13. The Romney campaign is attempting to muddy the waters . . .
. . . by blurring both the distinction between strategic organizational management and routine operational management, and the distinction between top-level, strategic investment decisions (i.e., those a company makes on behalf of itself) and investment decisions made on behalf of clients. Most CEOs of most companies are not the day-to-day operational managers (that role generally being given over to a President or Managing Director, but things like acquisitions of other companies and SEC filings are not mere daily operational functions. Acquisitions of other firms are top-level strategic and organizational steering functions. When a person signs an SEC disclosure form as CEO of a financial firm, he is making a material representation both that he is in a position to warrant the truth of the disclosures, and that the disclosures are true to the best of his knowledge. If he was CEO and signed the forms as such, the argument that he had no direct knowledge of the things disclosed simply will not wash. And if indeed he was not the CEO when he signed the forms as such, and really did not have such knowledge, then he committed an act of fraud in signing those documents. He cannot have it both ways.
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone. — John Maynard Keynes, British economist (1883-1946)
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|The Wielding Truth||Jul 2012||#2|
|The Wielding Truth||Jul 2012||#18|
|Rosa Luxemburg||Jul 2012||#22|
The Romney campaign is attempting to muddy the waters . . .
|Rosa Luxemburg||Jul 2012||#19|
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