Breaking: Romney was 100% stakeholder in 11 Bain companies later than 1999

[Amerigo Vespucci]

Breaking: Romney was 100% stakeholder in 11 Bain companies later than 1999

http://current.com/shows/the-war-room/videos/breaking-romney-was-100-stakeholder-in-11-bain-companies-later-than-1999

“The War Room” and Current TV have uncovered further evidence of Mitt Romney’s lies about the extent of his ties to Bain after 1999, when he claims to have left the company. A 2003 document with the Massachusetts State Ethics Commission state that Romney held several “executive” positions at Bain Capital and its affiliates. “The Massachusetts Ethics Commission filing distinguishes between the Bain companies in which he played an active role and others where he had ‘no active role,’” Jennifer Granholm says.

[Historic NY]

1. Oh noes.!!!.

[randome]

2. He's going to end up dropping out.

If not because of this, then because of the other cuts that are bleeding out and the ones to come.

[Jack Sprat]

10. I hate the thought of that.

How can you ever run a campaign against these cretins if they keep shuffling King Lizards down the stretch? In their point of view, one convict for the rethug nomination is as good as another.

[whathehell]

12. I would love it if that happened, but

who are the repukes going to run if he does?..Has this ever

happened before that you know of?...I think they're

pretty much obliged to run SOMEBODY, aren't they?

[Jack Sprat]

18. Oh they will certainly run someone.

They will have an open convention and nominate some puss-faced, piss-ant of an average run-of-the mill dried up old prune for the teabagging crowd to suckle on.

[whathehell]

24. LOL...That certainly is a colorful description!

[moondust]

3. He likely had veto power

over everything Bain did as long as he was listed as CEO and Chairman and maybe even beyond. Maybe even today.

It may also be relevant that the SEC documents in question would have been filed during the Bush administration when the SEC was asleep on the job.

[Bolo Boffin]

4. Look, just because he was the sole shareholder

and President and CEO and COO of most of these companies, it doesn't mean he knew what the hell was going on. Even if it's millions of dollars of business, do you expect Mitt Gotdamn Romney to bother with checking into trifles like that? He has people to run those companies. He just cashed the paychecks and the dividend checks and went on his merry way without a care in the world if the businesses were being run straight up or straight down.

[DearAbby]

7. The outsourcer and chief outsourced his seat.

[elzenmahn]

14. Assuming that he didn't know what was going on...

...in the companies he owned and/or controlled, then that's even more reason why he's not qualified. He's the Captain of those ships, so knowledge or not, he should go down with 'em.

[Bolo Boffin]

23. ;-)

Yes, his performance as Chief Executive in those companies was so shockingly sub-par that in 2002 he had his retirement made legally retroactive to 1999. But rest assured that if things go crashingly bad in this country because he found another bright, shiny toy to occupy his time, he'll just have Congress retroactively recognize his resignation so that nothing sticks to him.

[Mira]

5. After a rough day - I have found my good news. Sweet dreams to me, thanks to you. n/t

[DrewFlorida]

6. That sounds like a "SMOKING GUN"!

Thank you Current TV, good work.
I think we may have the smoking gun needed to sink the MITTANIC.

[elzenmahn]

15. It's a useful weapon against RMoney...

...but the O-team will need at least one more like this to ensure victory.

This is early in the cycle to reveal this - we haven't even had the conventions or the debates as of yet. Rove and his billion dollar minions have plenty of time to spin this fact-turd into cotton candy, and they can't be allowed to do so.

BTW - Obama vs. RMoney in the debates: I am SOOO looking forward to watching Mittens having his ASS handed to him.

[Tx4obama]

8. K&R n/t

[Jack Sprat]

9. That's his bane. However,

I hate to see him outed or overthrown now as the rethug candidate. That's what they were doing in the early primaries, passing the torch to another candidate to see if one wasn't as unlikeable as the one before.

[wordpix]

17. I would love for the R convention to be an out & out catastrophe - they deserve it

Hope the donors had a fun night at Chain-ee's giving up their million$ to Job Killer Tax Haven Mitt.

[michael811]

11. actual document Mitt filed

I found the actual document Mitt filed on a website online its pretty interesting
http://romneyfacts.com/assets/Personal%20Financial%20Forms/Personal%20finances/SFI/2002%20SFI%20WMR.pdf

[Amonester]

13. Welcome to DU! And thanks for sharing!

Great find! And yes, interesting how muddling the waters is the MO of vulture capitalists.

[michael811]

16. Thanks and your welcome

[wordpix]

20. A company by any other name would smell as rat-ass. Let me count the names of Bain derivatives

[wordpix]

19. thanks, good work. Exhibit B-6: "various" for % of BCIP owned? That's acceptable for a filing?

Geesh, the guy's running for gov. and he files "various?" That's something the SEC should have asked about, I think. Not to mention, it looks like he was VERY involved in Bain ventures in 2002.

[michael811]

21. Mitt general passive partner in a few companies executive in others

it says this specifically for "general partner" (passive ) at bottom of A-5 page 2 "this designation indicates that while Gov Romney was listed as general partner of this entity and therefore in theory had management authority ,in fact he played no active role in the management of this entity"

It Doesn't say anything of the kind for any of the companies he is listed as executive or director or board memeber of and I find that very telling.

[indepat]

25. As a 100%-stakeholder, to think der Mittens provided

no input in the management of these entities is laughable, if not absurdly comical, but I will accept it if he received no compensation.

[w8liftinglady]

26. How many of these companies invested in the 2002 Olympics?

[HereSince1628]

27. Yep and Juliani said all Romney did was in the best interest of the shareholders

For once Juliani has said something true.