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Romney says he left Bain in 1999 to run the Winter Olympics in Utah

Aug 23, 2012


Bain’s involvement in a company that disposed of aborted fetuses could make a powerful final week direct mail piece or attack ad on Christian radio. And in a close election, turnout of the religious right is one of the keys to a Romney victory in November.

Bain negotiated the Stericyle investment deal in November 1999, nine months after Romney said he left.

Bain’s investors pour money into numbered investment pools. Several sources said that Fund VII was the main investment vehicle at that time....

Pagliuca, a Democrat who unsuccessfully ran for Senate in 2010, told CNN: “Mitt Romney left Bain Capital in February 1999 to run the Olympics and has had absolutely no involvement with the management or investment activities of the firm or with any of its portfolio companies since the day of his departure.”

So who is telling the truth? I don't know. But I do know that there are many real owners of corporations who are able to remain hidden in the background by using holding companies and other legal tricks. These legal maneuvers allow poeple to deny technical involvement, while still retaining control indirectly.

It seems too coincidental to me that Romney would leave Bain just in time for the company to take on the disposal of aborted fetuses.

But it is also possible that the previous article, claiming Romney's signature on Bain documents as late as 2002 are just political propaganda. Perhaps more information will be forthcoming in the days ahead.

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Category: News Commentary

Dr. Stephen Jones

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