FACT CHECK: Romney met Bain partners after exit

Discussion in 'Politics' started by Synthaholic, Jul 25, 2012.

  1. Synthaholic
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    Synthaholic Platinum Member

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    FACT CHECK: Romney met Bain partners after exit



    WASHINGTON (AP) -- Republican presidential candidate Mitt Romney has said he had no active role in Bain Capital, the private equity firm he founded, after he exited in February 1999 to take over Salt Lake City's Winter Olympics bid. But according to Bain associates and others familiar with Romney's actions at the time, he stayed in regular contact with his partners over the following months, tending to his partnership interests and negotiating his separation from the company.

    Those familiar with Romney's discussions with his Bain partners said the contacts included several meetings in Boston, the company's home base, but were limited to matters that did not affect the firm's investments or other management decisions. Yet Romney continued to oversee his partnership stakes even as he disengaged from the firm, personally signing or approving a series of corporate and legal documents through the spring of 2001, according to financial reports reviewed by The Associated Press.

    The details of Romney's contacts with his Bain partners between his 1999 departure and his separation from the company in mid-2001 could show how involved he was - either as CEO or passive investor - in several multimillion-dollar investment deals, bankruptcies and a spate of layoffs and overseas job shifts at Bain-owned companies that reportedly occurred during that span. Romney's role became a campaign issue in recent weeks because corporate records from the time showed his interests in some of those deals - despite his insistence that he gave up any decision-making authority once he left Bain.


    *snip*
     
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  2. Zander
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    Zander Platinum Member

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    more of the same....


    [​IMG]
     
  3. Darkwind
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    Darkwind Gold Member

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    Reading comprehension is essential.
     
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    Last edited: Jul 25, 2012
  4. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    Is Bain all you have and noone cares how sad is THAT? So what the guys made millions doing business, OMG he increased profits by outsourcing, because American unions jacked up labor costs.....I dont know if he did do these things, but even if he did....HINT NOONE CARES...because liberals that are rich DO THE SAME SHIT...you lose!
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Yeah, they were pretty clear that he was trying to negotiate his retirement and make all the formal arrangements to transition him out of the company.

    Not really a secret.
     
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  6. Synthaholic
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    Synthaholic Platinum Member

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    It sure is! :lol:
     
  7. Stephanie
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    Stephanie Diamond Member Supporting Member

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    yawn
     
  8. Synthaholic
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    Synthaholic Platinum Member

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    Because Mitt is on the record saying that he didn't.

    The American people do not like to be lied to.
     
  9. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    This flies in the face of Romney's assertion.

    Along with the SEC documents.

    How many lies does this guy get to tell?
     
  10. Synthaholic
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    Synthaholic Platinum Member

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    Which is a different issue. Try to keep up.
     

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