Lakhota
Diamond Member
NY Times: 'No Evidence' Romney Did Bain Business
Monday, 16 Jul 2012 11:55 AM
By Patrick Hobin
There is no evidence that Mitt Romney exercised his powers at private equity firm Bain Capital after 1999 or directed funds investments after leaving, The New York Times reported.
Although some documents place the Republican presidential hopeful in charge of Bain from 1999 to 2001, a period in which the company outsourced jobs and ran companies that fell into bankruptcy, it is not related to who was running Bain at the time, the Times reported.
Romney has tried to distance himself from this period in Bain's history, saying on financial disclosure forms he had no active role in Bain as of February 1999.
Its a disconnect between the ownership interest and managerial functions, Harvey Pitt, who served as S.E.C. chairman under President George W. Bush, told the Times. When Bain takes positions in public companies, theyre required to show anyone who has an ownership interest that could be the effective equivalent of control. So Romney has to be shown on those filings.
Read more on Newsmax.com: NY Times: 'No Evidence' Romney Did Bain Business
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NY Times: 'No Evidence' Romney Did Bain Business
No offense, but that links to Newsmax - not the NY Times. Where is the direct NY Times link?
In the first paragraph of the article....
Must we always lend you a helping hand, Shitting Bull?
Okay, where is the link? That link in the article doesn't work for me.