The Boston Globe reports this morning that there is evidence Romney did not leave Bain Capital until 2002.
Mitt Romney has repeatedly sought to distance himself from some business dealings at Bain Capital by asserting that he left the firm in February 1999, but a review of public records shows that his authority lingered for three more years as Bain repeatedly listed him on government filings as the man in charge. Until 2002, when Romney and Bain Capital finalized a severance agreement, he remained the firm’s “sole stockholder, chairman of the board, chief executive officer and president,” according to SEC documents. The description was applied even to the creation of five new Bain partnerships a full three years after Romney has said he relinquished all control.
Lying on SEC documents is a very, very big deal. John Aravosis also goes back to FactCheck.org's defense of Romney's claims that he left in 1999 to point out that their defense puts him in a tight spot.
Either he lied on SEC filings or he's lying about when he left Bain in order to duck responsibility for Bain deals that caused people to lose their jobs as more and more of our manufacturing sector was shipped off to China.
There's nothing illegal about Romney remaining in charge, so why is he lying about it? As Romney would say, it's perfectly legal. It is true legal doesn't necessarily translate to something patriotic, or appropriate for a candidate leading the United States. It should cause people to question his claims about whether or not he would be sensitive to American job losses or simply "restructure" this country out of all of our manufacturing base.
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