kosher. and these sec documents do matter. they are material to the operation of a variety of companies that are buying and trading shares and one of the keys is bain capital is not a publicly traded company. so it s a little different than misleading investors about who your ceo is, mom and pop on main street can t buy stock in bain capital. but what it does do is it paints a far different picture than was reported to be the reality, you know, that there was a different band of people running that company. and so these documents are throughout sec filings. some people have said that, and the romney people suggest sort of on background, although they haven t come out and asserted this directly, that it s more of a technicality and legality and there was sort of a legacy filing, but when you see five companies, you though, five investment partnerships being created by mitt romney in 2002,
kosher. and these sec documents do matter. they are material to the operation of a variety of companies that are buying and trading shares and one of the keys is bain capital is not a publicly traded company. so it s a little different than misleading investors about who your ceo is, mom and pop on main street can t buy stock in bain capital. but what it does do is it paints a far different picture than was reported to be the reality, you know, that there was a different band of people running that company. and so these documents are throughout sec filings. some people have said that, and the romney people suggest sort of on background, although they haven t come out and asserted this directly, that it s more of a technicality and legality and there was sort of a legacy filing, but when you see five companies, you though, five investment partnerships being
if they lose everything, they lose everything. except that bain always wins. vice president biden was introduced bay folk tire worker that lost his job from a bain take over. here is the vice president. his bain capital bought my plant, brought in security guards, fired us all, walked us out of the building. we saw families devastated and communities devastated by this act. a few were hired back, when they hired us back, they cut our wages, they cut our benefits, they took our retirement package. in eight short years, mitt romney and his buddies took $100 million out of the company and threat go bankrupt. that s some testimony.
and they don t do that. clayton: they were being mocked on comedy shows of the collusion between the campaigns and the super pac s that exist. what does that mean? newt gingrich is calling on super pac that is supporting him, he wants them to correct inaccuracies in the 28 minute film that blasts mitt romney on his bain capital tomorrow. he goes through a number inaccuracies and we can talk about that. dave: the washington post and another labeled the ad very, very misleading to say the very least. here is newt gingrich calling for truth in the super pac ads. the idea that a candidate can make a claim and yell foul the minute you ask him to prove it, is just silly. to he cannot stand up today and defend his claim how does he stand up to obama in the fall?
responsibility for people in the company. well, is it legal or, i guess, more broadly, is it considered kosher in business terms to be listed on sec filings as the firm s sole stockholder and president? while you ve got partnership agreements. you have the entities starting up new entities in business. but to actually have that person have no role whatsoever in that firm? is that legally sound? well, certainly there s a variety of experts and former sec commissioners and the people like that. and lawyers in this field who say that it s not entirely kosher. and these sec documents do matter. they are material to the operation of a variety of companies that are buying and trading shares and one of the keys is bain capital is not a publicly traded company. so it s a little different than misleading investors about who