Thursday, July 12, 2012

Bain Capital: Selling "hair-thickening elixirs made from the tears of orphans"

[It doesn't seem too hard to believe that while Romney was in Salt Lake, he also continued to be involved in the major decisions at Bain—even if he wasn't available to pitch for the company softball team. The problem now is that he's spent a lot of time denying that he had anything at all to do with the firm after February 1999. He and Bain say he "retired" from Bain at that point, which is directly contradicted by the SEC filings. I'm guessing the truth is somewhere south of his denials—he may not have been "running" the firm, but he was still involved at some level. But if he were to admit that, then he'd have to answer specific questions about his knowledge of the steel mill that went bankrupt, the outsourcing companies, and so on. And there is nothing in the world Mitt Romney wants to do less than have to answer specific questions about Bain and what he did there.]
http://prospect.org/article/i-did-not-have-economic-relations-company

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