HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » The 47% video, Romney, Gl...

Fri Oct 19, 2012, 01:46 PM

The 47% video, Romney, Global-Tech, Sankaty, and Sensata?

"Dear Mr. Romney, What About Global Tech?"

When everywhere it was being said that Romney left Bain in 99; there was the article in Mother Jones by David Corn:

I cannot believe that was only July... seems like last year. But Romney's excuse was that he left Bain in 99 and here is an article that says something about 1998:

"On April 17, 1998, Brookside Capital Partners Fund, a Bain Capital affiliate, filed a report with the Securities and Exchange Commission noting that it had acquired 6.13 percent of Hong Kong-based Global-Tech Appliances, which manufactured household appliances in a production facility in the industrial city of Dongguan, China. That August, according to another SEC filing, Brookside upped its interest in Global-Tech to 10.3 percent. Both SEC filings identified Romney as the person in control of this investment: "Mr. W. Mitt Romney is the sole shareholder, sole director, President and Chief Executive Officer of Brookside Inc. and thus is the controlling person of Brookside Inc." Each of these documents was signed by Domenic Ferrante, a managing director of Brookside and Bain"

Plus, diving deeper into the SEC filings one could find this:

"Page 5 of 8

As of the close of business on March 25, 1999, the Sankaty Fund owned 48,000 shares of Common Stock of the Company. The Sankaty Fund has the sole power to vote and dispose of the shares of Common Stock. The Sankaty Fund acts by and through its general partner, Sankaty Investors. Sankaty Investors acts by and through its managing member, Sankaty Ltd. Mr. W. Mitt Romney is the sole shareholder, a director, and President of Sankaty Ltd. and thus is the controlling person of Sankaty Ltd. No person other than the respective owner referred to herein of shares of Common Stock is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such shares of Common Stock."

Hello!? Sankaty is Mitt Romney's private high yield fund that was in his 2010 Tax returns! Sankaty has been around since 99 if not longer. But Romney was definitely putting his outsourcing ducks all in a row in 1999.

I've catalogued some of the connections here: http://whateverworks4you.blogspot.com/2012/07/dear-mr-romney-what-about-global-tech.html

And, I have tried to keep the information alive. But I just don't know how to get traction in a mega traffic world of 24 hour news cycles. Someone posted earlier that the Romney Bishop Abortion Consoling: American Horror Story Fiasco, was news to them. It seems as if what is old news to many is actually unknown to most of the voting public.

I can only imagine that if more people knew about this 14 year Global-Tech to Sensata thread, that starts with Global-Tech in 1998 and weaves through the decade to come out embroidered into today's narrative, if more people knew, they would recoil in horror. Wouldn't they?

Mitt Romney has been outsourcing jobs since the 90's. His 'blind Trust'* is still profiting from Sensata, which will close it's factory here in America on November 5th. And somehow the horror of the factory that is explained in his 47% video is not being told. That factory was Global-Tech. And the company he is still profiting from today is going to be doing the same thing for as long as it can.

My thoughts get to be rambling and snarky at times. But I have seen some clearly laid out writing here that I am sure someone could use to translate this information into a pithy piece that connects the dots from Romney making money on Global-Tech's Slave Factory to the hidden interlinks of Sankaty, mitt's taxes, and how it culminates in yet another factory(Sensata) being shipped off to China on November 5th.

Anyone know a steely eyed reporter that would be willing to ask:

"Dear Mr. Romney, What About Global Tech?"

Just curious, ya know?

3 replies, 1682 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply The 47% video, Romney, Global-Tech, Sankaty, and Sensata? (Original post)
whttevrr Oct 2012 OP
whttevrr Oct 2012 #1
whttevrr Oct 2012 #2
whttevrr Oct 2012 #3

Response to whttevrr (Original post)

Fri Oct 19, 2012, 01:50 PM

1. *Mitt Romney Blind Trust Ruse

In 1994, when he was running for the Senate against Ted Kennedy, Romney attacked Kennedy for disclaiming any responsibility for his investments, declaring at one point: “The blind trust is an age-old ruse.”


Reply to this post

Back to top Alert abuse Link here Permalink

Response to whttevrr (Original post)

Fri Oct 19, 2012, 02:10 PM

2. No? Nothing?

Am I being too Pollyanna?

Reply to this post

Back to top Alert abuse Link here Permalink

Response to whttevrr (Original post)

Fri Oct 19, 2012, 11:03 PM

3. What am I missing?

Why does this topic fall flat?

Can someone give me an inkling as to why this information is so... Meh, who cares... ?

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread