Thursday, July 12, 2012

So, Romney lied for political purposes. That is significant enough. Lying to the electorate is a character issue. I have been saying he has a character issue.


He obviously wanted to put distance between he and Bain that didn't exist to win the election for Governor. When he won the election he gave up the ownership of Bain. In other words, he wore the glass slipper right up to midnight but denies it.


What did Romney do as Governor that benefited Bain and others like Bain after giving up the ownership just before his inauguration on January 2, 2003? 


Did he violate reporting status when running for Governor. Certainly, playing that close to the vest is not acceptable when filing intentions to running for Governor. Did he report correctly when filing as a candidate?
continued...

By Callum Borchers and Christopher Rowland


GLOBE CORRESPONDENT | GLOBE STAFF
JULY 12, 2012

Government documents(click title to entry - thank you) filed by Mitt Romney and Bain Capital say Romney remained chief executive and chairman of the firm three years beyond the date he said he ceded control, even creating five new investment partnerships during that time.
Romney has said he left Bain in 1999 to lead the winter Olympics in Salt Lake City, ending his role in the company. But public Securities and Exchange Commission documents filed later by Bain Capital state he remained the firm’s “sole stockholder, chairman of the board, chief executive officer, and president.”
Also, a Massachusetts financial disclosure form Romney filed in 2003 states that he still owned 100 percent of Bain Capital 2002. And Romney’s state financial disclosure forms indicate he earned at least $100,000 as a Bain “executive” in 2001 and 2002, separate from investment earnings....