Mitt Romney just gets into more and more trouble with his shifting stories around his departure time at Bain Capital. We have more evidence now that he committed some manner of felony when he told the FEC that he had “not had any active role with any Bain Capital entity and has not been involved in the operations of any Bain Capital entity in any way” after 1999, when he reportedly left. But more information keeps cropping up that he did have dealings with Bain entities. He testified in 2002 that he spent a lot of time in board meetings in Massachusetts in Bain-affiliated companies. And there are more revelations. First from the New York Observer:
In 2002, when he was running for Governor of Massachusetts, Mr. Romney and his aides, including Eric Fehrnstrom who remains his senior advisor, spoke to the Boston Globe for a story after questions were raised about two businesses that taken over by Bain Capital and hit with layoffs while he worked with the company. That article refers multiple times to the fact that Mr. Romney “was CEO of Bain Capital until 2001,” an assertion that apparently went unquestioned by Mr. Romney and his staff who defended him by saying he was on leave when the incidents occurred.
“Romney, who was CEO of Bain Capital until 2001, has repeatedly said he was on leave from the company in 1994, when strikes erupted at Ampad’s now- closed Indiana paper plant, and again in 2001, when GST Steel, a Kansas City plant, laid off workers and closed,” wrote Globe reporter Yvonne Abraham [...]
Prior to taking leave to run the Olympics in 1999, Mr. Romney took a leave of absence from Bain Capital during his 1994 Senate campaign. Another Globe article published in 2002 contains a quote from a former Bain Capital executive named Marc B. Wolpow who said Mr. Romney remained in a very active role at Bain Capital while he was supposedly on a leave of absence for his Senate race.
“I reported directly to Mitt Romney . . . You can’t be CEO of Bain Capital and say, `I really don’t know what my guys were doing,’” Mr. Wolpow said of Mr. Romney role at the company during his leave.
But that’s more circumstantial. It will be harder to explain away Romney’s signature on Bain-related documents with the SEC, on six separate occasions, during that 1999-2001 interregnum.
Between 1999 and 2001, Mitt Romney, then the CEO of Bain Capital, signed at least six documents that the private equity firm filed with the Securities and Exchange Commission. The documents run in direct contradiction to a claim that Romney has made repeatedly: that he had nothing to do with Bain, and therefore no responsibility for Bain investments, during that period [...]
SEC files include at least six instances of Romney signing documents after February 1999, proving — unless the signatures were forged — that his claim to not have “been involved in the operations of any Bain Capital entity in any way” is wrong.
This is becoming a disaster for Romney, as the campaign becomes about everything he doesn’t want to talk about. The only saving grace is that these questions are peaking early, in July, while most voters aren’t tuned into the race.
But Romney will give a spate of network interviews today, showing that his campaign views this as a serious problem requiring damage control.




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This is symptomatic of why we cannot, as Americans, get anything done. So as the owner of the company, but not an employee exactly, we are creating a big kerfuffle about whether the owner of the company is an employee or just has the occasional conversation about how things are going.
It is an attempt by our side to divert the conversation from a series of failures instead of addressing real issues that face real people every day. It may work, but it is the slimy side of Chicago politics. And for gods sake, should not be the standards that we set for ourselves.
The guy was the 100 percent owner of the company and is responsible for a capitalization strategy that was the pre-runner to the full blown policy of the oligarchs of shipping American jobs overseas. I’m no fan of Obama, but let us not miss what all of this says about Romney. He not only did it, but he has continued to lie about what he did when convenient. Perhaps the Romney campaign can gin up more embarrasing things about Obama in retaliation, but we do not need to ignore what a raving corporatist he is. Isn’t his attitude a glaring example of what brought our economy down? And the fact that he will not be charged for any of the multifarious perjuries he has commited in his SEC filings, is also symptomatic of the special way the oligarchs are treated in our two-tiered system of “justice.”
Come on, ease up. Romney is just ambitiously getting a jump on his expected Presidential felonious acts.
He’s moving forward!!
Excellent post.
I ask again. Is he a pathological liar or just a chronic fibber???
“Multifarious perjuries”……I like that.
Can I use it????
Gotta give the guy credit for being “proactive”.
Romney: Two legs bad.
Obama: Two legs good.
I don’t get that??????
:-)
Really neat headline.
From Romney’s perspective, you gotta hate a story headline like that.
Even though most people aren’t really tuned in yet I think most are getting at least a whiff of all this and when they are tuned in in october that sense that they’ve had over the previous few months will color their perceptions of what they see and hear.
A solid convention and aggressive messaging afterwards will seal the deal for many voters
Romney made boatloads of money as a venture capitalist. Obama made the venture capitalists a boatload of money by delivering the Democrat Party base to them.
It is testament to the bankruptcy of today’s Democrat Party coalition that a formerly objectively critical website like FDL is turning into a veritable DailyKos, an adjunct of the DNC. After Obama abandoned the Democrat base, the Democrat base returned the favor by staying home in 2010, and the response around these parts is to now attack the Republican to distract from the abject failure of this administration to do anything but implement Republican policies.
The dog whistles of venture capitalist or NAACP race baiting is what is used to distract from the violence being committed with the government by the 1% through vectors of the Democrat and Republican Parties.
I do not want to see Romney win, but Obama must lose if we are to ever have any political choices worth making. After Obama and the DoJ coordinated with the states to violently bust up Occupy, after the DoJ is torturing Bradley Manning, nobody left of right should consider voting for this clown.
No we’re not! This is about the possibility that Willard committed a FELONY by lying on his required disclosure forms.
This is a “real issue”. What are you going to do next? Compare this to birtherism?
This makes Watergate look like childs play! /breathless
Baingate! Mittgate! Chiefgate!
Thanks marcos. Very well put. I got it now and agree with you.
Can I vote for Baingate?????
David, thank you for keeping us informed on this.
I was just watching the 5:30 news on CBS and they are desperately trying to do damage control for Mitt Romney.
A former investigator from the SEC says that “no” Mitt did not commit any foul act.
Jan Crawford (Mittney mouthpiece for CBS) just interviewed him and that was enough for me, I turned off the TV or else it would not be working from the shoe that went through the screen.
Now, as I understand it, he is going on most of the television networks to try to defuse this issue. I believe that he left out MSNBC for some reason.
This thing has legs and I am grateful for your continued reporting because the lamestream media is trying to defuse this issue for Mitt Romney.
My one question for any commenters is “If Mitt Romney goes on these broadcasts and tells lies that can be proven wrong, is he putting himself in another situation that could destroy his candidacy or will the lamestream media just ignore the facts and get along and go along?
I don;t know about that. Watergate had six Cunab exiles anbs G. Gordon Liddy and remember Hunt’s wife was killed in a plane crash carrying moneyt to p[ay off the burglars.
Now THAT”S entertainment.
Somebody, somnebody needs to find a “Deep Throat” OR a “smoking gun” in all this.
I’m getting kinda tingly.
Oooooh, oooooh.
How about the Bain-Romney Conspiracy??????
We can get Matt Damon to play Mitt.
Felonies don’t count when committed by savvy businessmen. We need to look forward.
Sole stockholder,
Chairman of the Board.
Chief Executive Officer
President.
Romney’s roles as indicated on SEC forms for three years, 2000 through 2002.
Yet he told the American public on CBS tonight that he had nothing to do with what happened at Bain Capital. Nada. Zilch. Other people did…things. But he was told nothing, did nothing, made no recommendations, much less decisions.
And Obama must apologize to him. It demeans the presidency for Obama’s campaign or surrogates to bring up such personal attacks against Romney.
Really! “Sole stockholder, chairman of the board, chief executive officer, and president” means absolutely nothing in Mitt’s world. Uh, sole stockholder? Who decided who worked at Bain in his stead? Or did “shit happen” and then there were ponies? Unicorns?
What was the title of the person exercising all power at Bain while Romney was…just…“sole stockholder, chairman of the board, chief executive officer, and president”??
Does this pass the smell test?
That “deep throat” or “smoking gun” would sure seal the deal wouldn’t it.
My concern, and it is probably erroneous is that the lamestream media will do their best to kill this story asap.
As David said, there is a paper trail so hopefully that will be enough.
Ask and you shall receive. This is an excellent candidate:
My bold
Great comment. I congratulate you on being able to listen to that crap and the softballs thrown out by Jan Crawford. I turned it off before he started talking.
Marc B. Wolpow had better be extremely careful for the next…oh…remainder of his life….
No small planes, no ocean boating, Maybe he should seek asylum at some friendly embassy.
I somehow don’t think Mitt brooks any insubordination and certainly no tales out of…the board room or CEO office. Or anywhere.
Two things to say:
Oh, what tangled webs we weave…
And,
Gategate.
Of course, Wolpow is merely an eye witness, so it’s now he said, Mitt said. Unless more Bain employees step up and tell the truth.
BTW, Mitt does lie with extraordinary sincerity. Like a carnival huckster.
Oily. And, I would never vote for him.
What does that make me?
An iwouldnevervoteformitsterbot.
I’m noticing a trend today. First karenb at Attaturk’s thread insisted that Attaturks’ lack of respect for Willard’s religion destroyed his credibility and now greybeard is insisting that this is all just blown so far out of proportion and that “Chicago politics” is the reason. Both of these comments were at the very top of their respective threads and then the commentators stopped engaging. I may be wrong but if it happens again, it’s a pattern of concern trolling, possibly even coming from Romney’s campaign.
demi,
I think we are the only ones left here as the comments move to another post upthread.
I think the “gotcha” moment is now as ThinkProgress is reporting, Mittens is NOT going to release any more of his tax returns.
I do not think that will play very well with anyone now that there are serious questions about the years 1999 and 2002.
Something to hide Mittens?
Good catch Margaret.
Thanks for the update and comments are also good.
I agree that this is important and not just a “mere distraction.”
That said, my take is that this dog, too, won’t hunt. The story won’t grow legs, and MittBot’ll get off the hook to slime away per usual.
As is always the case in situations like this, hope I’m totally wrong, but I sure won’t hold my breath.
We already discussed the Libor scandal today, and someone provided a very helpful link explaining exactly how Libor is *stealing* from YOU directly. Yet it’s highly unlikely that anyone involved in this pillaging will suffer one whit of consequence… not even have to read Ye Olde Sternly Worded Letter.
IMO, the 1% are just phoning it in anymore because… whacha ya gonna do aboudit??? neener neener
saw Willard on nbc. lying thru his teeth.
I don’t recall. sorry Willard, you ain’t no Raygun.
Wonder if he’s afraid to release his tax returns because there’s years he paid none. or could he have lied about the tithe?
and he didn’t really get a $77m tax cred on the horse, did he?
A commenter on today’s prior post about the Rmoney scandal suggested that discussing this was akin to “birtherism.”
WTF?
I said that was about as false of an equivalency as one could get. We do seem to have some sort of pro-Romney infestation going on.
I knew we had some Republican sock puppets before but I didn’t have any evidence. This is far from conclusive but fairly compelling.
Go easy on Romney, folks. If he’s too damaged to get the nomination the GOP might draft Jeb Bush, and that would be bad, very bad.
Save it until after the convention. Then let ‘em have it.
Yes. Today’s comments were not like some of our other trolls, like shooter, who may or may not have been sock puppets but were totally obnoxious, rude and thread-hijackers of the worst sort.
Today’s comments were brief and though “scolding” in tone, they seemed, uh, more “reasonable.” I noted them right away, even before the comments came along.
It’s interesting. Duly noted. Guess I’m surprised bc I didn’t think the 1% gave a shit what we DFHs thought/said/did. Who knew?? Maybe we’re not so retarded after all??? /s
Sorry to respond so late. I whipped down to the market to get rice, which I was Out Of – who does that?, so that I can make that Stuffed Zucchini for supper.
I hope to see you tomorrow morning. I’ll bring leftovers. If there are any. :)
Actually that might be incredibly entertaining. Think about how Ron Paul’s followers would take that…
Ohhh, that’s why they want to discredit us so very badly. Because they know we’re right and we’re not going to be fooled by them. Their only option is to make us seem toxic to be associated with.
Guess so. Interesting.
TGIF… off to have some fun. Be good everyone, or if you’re not good, have a good time!
OOPS!
Is it conceivable that Mittens would have to drop out of the race?
Yup. And, he’s got some other stuff he can tell you.
Run away, run away.
(My scared face.)
demi,
You never need to apologize here. I too went to other sites to see if there were any updates on Romneygate.
Just got back and saw your comment. I will try to be here tomorrow and Sunday for Ruth’s post but maybe I got the day wrong and it is Saturday that she is posting.
It’s more conceivable that a few hours before Roberts swears in Romney, Obama will pardon him.
That may be some misdirection. He can rope a dope for a while on not releasing that way to deflect from Bain.
If not, sure, there are problems for his returns at the turn of the century. I have even greater interest in his returns after the 2008 meltdown.
I really don’t think refusing to be forthcoming about his taxes will wear well, and he is hardly an endearing character.
It will be hard, even for a media that is owned by the 1%, to gloss over what a slimeball romney is.
It is also interesting that he did this full ginsberg with a bunch of noname villagers.
She does PUAC’s on Saturdays, but also posts a Sunday Food Diary.
That’s where we’re going to make a Dump Of Zucchini.
:)
Good Lord! That sounds like something that would take place in my universe alright.
Oh NO! I do not want him to drop out of the race, this is just getting to the fun part.
As RodL2 said at #37, the Repubs could draft Jeb for the spot and I certainly do not want to see that happen. No way!
Clearly, your mileage varies.
I don’t see it that way, AitchD.
I respect your opinion and all, but, I gotta sign off with my usual…
Ha!
Lord, please give me the talent to understate things the way Margaret does.
I can’t wait for that Zucchini post. Thank you.
Why?
I believe the corporate puppet masters are playing their hand a little too close
look guys, no matter how bad you think romeny is, he won’t be able to do as much damage as obama
if a quaterback on your team is paid off to score as many goals as possible for the other team, you are MUCH better off letting the other team get the ball, you can mount some kind of d and try keeping the score low, they will score but not nearly as much
there must be some pretty bad stuff on romney if they are releasing this stuff allready
Ha! is what I hoped for. The subtext is that JFK was the last one who didn’t outright lie when he took that oath.
You make a good point about 2008 and the meltdown years.
I think 1999-2002 are very important years that would destroy any protestations he has regarding his Bain involvement.
I wish I could give credit but someone called them the “Shadow Years.”
The Ruthless One knows from her cooking, Art, and Politics. That’s for sure!
Say’s who?
there is a chance, here’s why that might just play out;
romney might come to understand his own corporate co-horts are going to undermine his campaign, this might be the ticket right here, he might do some research and find out first, why didn’t this come out when he was “vette” and why is it coming out now
if he ties the tags together and comes to the conclusion they will not let him win, I don’t think he’s “take one for the team”, I think he will toss in his cards and play his chips on another hand
so yes, it is conceivable he drop out
I am sure that I could not take another Bush sitting in the White House.
Jeb may just be the smartest of the boys including daddy.
It is a personal bias I realize, but after GWB, there is no way I could stand another Bush anywhere near the White House.
“Knut July 13th, 2012 at 7:42 am
There is something extraordinarily eerie about the way Obama’s opponents consistently self-destruct. The only one who didn’t was Hillary Clinton, and she was as acceptable to the PTB as he is.”– from DDay’s ealier article on Mitt–the un-electable Mormon who even the Republicans don’t like.
Yep.
These people are selected, not elected.
Jeb will always be to me the man who helped Katherine Harris Scrub, or Cage the voters in specific districts in Florida so that his stupid brother could win the Presidency.
https://www.youtube.com/watch?v=a6wl_86qnsI
Too late. Once CIA always CIA.
http://www.politico.com/politico44/2012/01/obama-hosts-george-hw-and-jeb-bush-at-white-house-112638.html
They have worked half the country into a frenzy over Obama.
I think his time in the White House is up.
What is going to play out before the eyes of the country is a big FUCK YOU to Americans and the rule of law.
Romney isn’t stepping aside.
Yeah, we need to figure out some single term to describe the condition.
I can’t believe that Mitt Romney is so upset that President Obama is saying that he committed a felony by lying to the FEC?
He should be celebrating!
Then start running ads saying President Obama has failed again!
We now know that Mitt Romney has lied to the FEC, but we don’t hear or see any Justice Dept investigation.
How long has President Obama known about this felony, and why hasn’t he acted?
How many other businessmen are committing felonies on President Obama’s watch???
you gave the reason about Jeb much better than me.
I just intensely dislike the Bush family including the mom who was so condescending to the survivors of Katrina “who really had things much better living in the AstroDome” than living in their own city of N.O.
I paraphrased the comment, but I will never forget or forgive her for what she did.
Agreed. The duplicity of the Democrats also made the crash possible.
I still think Romney will coast to victory in November because Obama has been such a failure. Independents and younger voters are disgusted with Obama. Romney will pick up some of Obama’s voters and many others won’t bother voting this time around.
I think they mean from 1999 to 2002.
Clinton’s and Bush’s “watch”.
Wolffe Blitzer and David Gergen (a Bain partner in some ventures) are desperately trying to find a reason to stop talking about Baingate. I loved the sanctomonious shaking of the head (bad part and all) from Gergen as Wolffe fashions feigned disgust for the audacity of Obama’s mendacity. Mitt is a poster boy for the financial collapse. If Romney’s crew really wants to stop the bleeding they could start talking about Obama’s total fail on civil liberties, bankster immunity and environmental regulation, but, of course, that would require them to perform mental gymnastics to distinguish their policies on these topics from those of Obama’s.
No big deal,i don’t care if uncharismatic Romney lied about anything,Obama is a liar too,i don’t see differences,both are liars,both will cut SS and medicare,both are corporatist whores, Obama is a con artist,Romney is a rascal, i think that Peter Griffin would be better president,no doubt.
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