Thank you, David Corn!
Romney’s Three Reasons for creating his Bain Capital business:
1. We recognize that we had the POTENTIAL to develop a significant and proprietary flow of business opportunities.
2. We had concepts and experience which would allow us to identify potential value and hidden value in a particular investment candidate.
3. We had the consulting resources and management skills and management resources to become actively involved in the companies we invested in to help them realize their potential value.
Ask Mike Earnest and the other workers from Marion, INDIANA how your plans worked for them, Mr. Romney.
Also, check out these informative reads:
The Boston Globe revealed that Romney, as head of Bain Capital, invested in a “low-wage, low-tax” Chinese firm after it told investors that it “would not be subject to taxes in the United States” DailyKos breaks it down.
Hat tip DU Thanks!
MoveOn Asks Justice Dept. To Investigate Romney’s ‘Retroactive’ Retirement From Bain
http://www.mediaite.com/online/moveon-asks-justice-dept-to-investigate-romneys-retroactive-retirement-from-bain/
Democratic group MoveOn.org Political Action is asking the Justice Department to investigate whether Mitt Romney violated the law when he stated, in a 2011 ethics filing, that he was not active in Bain Capital after 1999.
group submitted an analysis and letter calling for investigation on the grounds that “there is good reason to believe GOP presidential nominee Mitt Romney may be criminally liable for false statements he made in 2011 in his federal financial disclosure filing (form SF-278)—in apparent violation of the federal False Statements Act (18 U.S.C. §1001).”
In July, the Boston Globe had reported that, based on SEC filings, “Romney continued to serve as chief executive and chairman of Bain Capital, as well as the principal in a number of Bain-related entities, until as late as 2002.”
DRIP, DRIP, DRIP!