Wouldn't it be better for Romney to just say "yeah I ran Bain til 2002 and this is what we did"?

[Mayberry Machiavelli]

Instead of all this stupid legalese about how he could be CEO but have nothing to do with the company?

Is it really better from his campaign's point of view for him to be seen as a lying sack o' crap instead of as a corporate leader who did some ruthless stripping down of companies in the sacred cause of making giant piles of money?

[Tom Rinaldo]

1. Of course, but that is the road not taken...

It is hard for him to say that now without owning that he was lying with the path he chose instead. Ideology and policy issues aside, this is a man who does not have the judgment needed to be commander in chief.

[s-cubed]

2. NO

My understanding (and I have not studied this in great detail) is that
1) His olympic contract specified that he NOT have other interests.
2) His federal election papers say he left in 2/99. Those are sworn statements.
3) He testified under oath in 2002 to the MA election board that he was a resident.
4) The SEC documents are also sworn statements

If he admits to being at Bain, 1 and 2 are false. If he claims not to be at Bain, 3 and 4 are false. He's screwed whatever he does.

[ejbr]

10. I also understand there may have been a conflict of interest with Bain and the Olympics. n/t

[morningfog]

3. Bain was responsible for sending jobs to China in that time period.

Bain was working with China at the time to steal American jobs. He has dug in far too deep for far too long. All the wealth in all the offshore tax haven accounts of that sonuvabitch can't buy him out of this jam.

[ajain31]

7. Romney's Bain Capital exit lie!

On Friday the 13th (7/13/2012) the very illusive Mitt Romney gave very defensive interviews to all FIVE networks on a single day at once!! Just a few days ago Mitt Romney said to FOX News that explaining means that you are WEAK. So his five interviews "explaining" his time at Bain were signs of his weakness!!

Presidential Candidate Mr. Mitt Romney maybe feeling the heat on his role in BAIN Capital, his business experience which was supposed to be his sole criteria for creating jobs and his greatest qualification for running for the American Presidency in the current economy in 2012!

However SEC documents show Mitt Romney as sole owner of all shares of Bain Capital. Romney is shown as CEO, President and Chairman of Board of Bain Capital in 2001 and 2002 then LEGALLY speaking Mitt Romney has been responsible to all that goes on under the banner of Bain Capital.

Mitt Romney can not just share the good like job creation from 1999 to 2002 and leave the ugly like Bankruptcies and layoffs behind as if he had nothing to do about them from 1999 to 2002.

If he really wanted to disassociate himself from Bain Capital he could have resigned and sold all his shares in Bain Capital in February 1999 then it would have been a different matter but to share in the glory of Bain's job creation accept a salary of $100,000 or MORE (where are the Tax Returns?) for three years and only to refuse to take the responsibility of Bankruptcies and layoffs on his WATCH (1999-2002) is trying to have it both ways and then complaining of playing politics having been caught with his hand in the proverbial Cookie Jar that is the very essence of an ACTIVE LEGAL ROLE in Bain Capital till 2002!! Was Romney getting $100,000.00 or more to do NOTHING for BAIN Capital???

Mitt Romney will have to face the consequences of this leaving Bain "lie" that Mitt Romney has brought on upon himself. If we keep reminding the Romney campaign of the Bain exit lie and Romney's ill effects on workers robbing them of their hard earned salaries and life long benefits all the way to November then 7/13/2012 (FRIDAY the 13th) will go down as the turning point of the 2012 Presidential election!

[TeamPooka]

4. I think you're right...

American do like honesty and even respect the unapologetic leader but Mitt doesn't have the DNA for true leadership.
He's a weasel. That's how he runs for office....

[Cali_Democrat]

5. Here's the problem with that

He signed Federal election disclosure forms saying he retired from Bain in Feb 1999. So I'm assuming lying on a Federal election disclosure form is also a crime.

Either the SEC filing is inaccurate or the election disclosure form is inaccurate.

Seems rMoney has committed a crime either way.

[Igel]

8. In 2007 he signed the forms.

In 2003 his retirement was effective as of 1999.

Really. Google it and you'll find that in a number of cases unions have gotten retroactive retirement, offering retroactive retirement is an okay federal tactic to use to handle a sufficiently weighty dispute, and personally we retired somebody a few years after his last day of being in charge, but only a year or so after he stopped being "director" (which in our organization had the same duties as "CEO&quot .

This is a problem only if you require definitions that don't apply.

[ajain31]

6. Romney's Bain Capital exit lie!

On Friday the 13th (7/13/2012) the very illusive Mitt Romney gave very defensive interviews to all FIVE networks on a single day at once!! Just a few days ago Mitt Romney said to FOX News that explaining means that you are WEAK. So his five interviews "explaining" his time at Bain were signs of his weakness!!

Presidential Candidate Mr. Mitt Romney maybe feeling the heat on his role in BAIN Capital, his business experience which was supposed to be his sole criteria for creating jobs and his greatest qualification for running for the American Presidency in the current economy in 2012!

However SEC documents show Mitt Romney as sole owner of all shares of Bain Capital. Romney is shown as CEO, President and Chairman of Board of Bain Capital in 2001 and 2002 then LEGALLY speaking Mitt Romney has been responsible to all that goes on under the banner of Bain Capital.

Mitt Romney can not just share the good like job creation from 1999 to 2002 and leave the ugly like Bankruptcies and layoffs behind as if he had nothing to do about them from 1999 to 2002.

If he really wanted to disassociate himself from Bain Capital he could have resigned and sold all his shares in Bain Capital in February 1999 then it would have been a different matter but to share in the glory of Bain's job creation accept a salary of $100,000 or MORE (where are the Tax Returns?) for three years and only to refuse to take the responsibility of Bankruptcies and layoffs on his WATCH (1999-2002) is trying to have it both ways and then complaining of playing politics having been caught with his hand in the proverbial Cookie Jar that is the very essence of an ACTIVE LEGAL ROLE in Bain Capital till 2002!! Was Romney getting $100,000.00 or more to do NOTHING for BAIN Capital???

Mitt Romney will have to face the consequences of this leaving Bain "lie" that Mitt Romney has brought on upon himself. If we keep reminding the Romney campaign of the Bain exit lie and Romney's ill effects on workers robbing them of their hard earned salaries and life long benefits all the way to November then 7/13/2012 (FRIDAY the 13th) will go down as the turning point of the 2012 Presidential election!

[Igel]

9. It depends.

While he was on leave from Bain others made decisions and signed documents. You have a company with 400+ employees that handles tens of billions of dollars in assets, and there are a lot of decisions. It's not a mom-and-pop corner store, nor is it the kind of authority a floor supervisor wields.

If he says he was in charge of operations at Bain then there are a lot of statements and representations made by those who actually did run Bain day-to-day that were fraudulent and false. They formed the basis of investor decisions and legal actions, and the claims made to investors would be so fraudulent that Bain could stand to be sued by hundreds or thousands of people who could claim they wouldn't have invested if they knew Bain was actively managed by Romney (even if it's not entirely true). Legal actions that Bain agreed to in the absence of the CEO's imprimatur would suddenly be undermined and thrown into doubt because they would have been authorized by people without the authority to do so.

Then there are other statements that Romney made that would be fraudulent and false.

[magical thyme]

11. No, he stated on his FEC form that he ended all involvement with Bain in 1999

Lying to the FEC is a felony.

So he needs to stick to his claim that he had no involvement with Bain after his retroactive retirement in 1999.

Except, of course, that means he lied on his SEC forms back in the day. Which is a felony.

Whoopsie.