Mitt Romney did not leave Bain in 1999

Earlier this month, this made some news: Mitt Romney invested in company that disposed of aborted fetuses, challenge his claim he left Bain in early 1999. In that post I cited David Corn writing the following:

But Bain Capital, the private equity firm Romney founded, tamped down the controversy. The company said Romney left the firm in February 1999 to run the troubled 2002 Winter Olympics in Salt Lake City and likely had nothing to with the deal. … But documents filed by Bain and Stericycle with the Securities and Exchange Commission—and obtained by Mother Jones—list Romney as an active participant in the investment. And this deal helped Stericycle, a company with a poor safety record, grow, while yielding tens of millions of dollars in profits for Romney and his partners. The documents—one of which was signed by Romney—also contradict the official account of Romney’s exit from Bain.

The Stericycle deal—the abortion connection aside—is relevant because of questions regarding the timing of Romney’s departure from the private equity firm he founded.

There they are, those pesky questions about Willard’s own account of when he left Bain Capital. And now there are more. TPM is reporting “more instances where Romney made declarations to the SEC that he was still involved in running Bain after February 1999.” And as they point out, “what you tell the SEC is really supposed to be true.”

Key words: “Supposed to be.” One would assume that if Willard told the SEC something, he was telling them the truth. One would assume. Especially since it would be documented.

As David Corn reported, Mitt was still active at Bain after 1999. Team Willard maintains that he was running the 2002 Winter Olympics, so he really wasn’t doing anything of note at Bain after early 1999. That’s been the campaign’s stock answer to all sorts of questions about his involvement with Bain Capital.

But TPM links to two SEC filings “in which Romney lists his ‘principal occupation’ as ‘Managing Director of Bain Capital, Inc.’” and asks:

But absent of any evidence, how is it that anyone can be expected to disregard what Mitt actually told the SEC at the time?

See, Willard, if you’d just release your tax returns, we might get some real answers instead of the tap dance you continue to do. And maybe if you’d be forthcoming once in awhile, people would start believing what you say. That would really be novel. And unlikely.

How can anyone trust this guy or want him for their presidential candidate when he acts so unpresidential? He constantly lies, Etch A Sketches, and avoids answering questions? If he’s this shady now, imagine how he’d be if he managed to cheat and lie his way into the White House.

  • ajain31

    Republicans betrayed their own conscience when they went against established Republican principles like the MANDATE over healthcare which was a Heritage foundation issue popularized by Gingrich.

    Obama did more than his share to UNITE but the Republicans were out to oppose for opposing sake and not following any policy or principles. In the famous words of Minority Senate Leader Mitch McConnell the Republicans were out to defeat the Obama agenda even if it went against established Republican policies set by past precedent.

    Mitch McConnell was out to make sure that President Obama remains a one term President and see where it has brought the Congress and its public esteem.

    Gingrich out of his own admission was out to defeat Obama from the day he was sworn in as President.

    You can not justify the Republicans as the “loyal” opposition as is the case in most mature democracies. They have been out to get President Obama by hook or by crook. A leader can meet the opposition half way but can not fold completely to their whims and fantasies like that of the current Tea Party affiliates.

    Republicans will loose in 2012 just like they did in 2008 but with a smaller margin because of the dark money of Billionaires due to Citizens United verdict of the right wing Supreme Court.

  • ajain31

    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!

  • ajain31

     Two Faced WillardTwo-Faced Willard ”I was not responsible for what happened at Bain Capital” – Mitt Romney ”I was the Sole shareholder, Sole director, Chief executive officer and President of Bain” – Mitt Romney ”The Arizona immigration policy is a good model” – Mitt Romney ”I didn’t really support the Arizona immigration policy” – Mitt Romney “The Massachusetts healthcare plan should be a model for the nation” – Mitt Romney “Healthcare reform should be left to the states” – Mitt Romney ”Let Detroit go bankrupt” -Mitt Romney ”I’ll take a lot of credit for saving the auto industry” -Mitt Romney “I believe Roe v Wade has gone too far.” – Mitt Romney “Roe v Wade has been the law for 20 years we should sustain and support it.” – Mitt Romney “I respect and will protect a woman’s right to choose.” – Mitt Romney “I never really called myself pro-choice.” – Mitt Romney “It was not my desire to go off and serve in Vietnam.” – Mitt Romney “I longed in many respects to actually be in Vietnam and represent our country there.” – Mitt Romney “I’m not trying to return to Reagan-Bush.” – Mitt Romney “Ronald Reagan is… my hero.” – Mitt Romney “I think the minimum wage ought to keep pace with inflation.” – Mitt Romney ”There’s no question raising the minimum wage excessively causes a loss of jobs.” – Mitt Romney “I saw my father march with Martin Luther King.” – Mitt Romney “I did not see it with my own eyes.” – Mitt Romney “I would like to have campaign spending limits.” – Mitt Romney “The American people should be free to advocate for their candidates without burdensome limitations.” – Mitt Romney “I supported the assault weapon ban.” – Mitt Romney ”I don’t support any gun control legislation.” – Mitt Romney