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Distinction between managing and controlling something. these are all s.e.c. documents of companies that bain owned a part of. they were required to file on them because they were owners, they controlled them. you can say that sounds like you ran the thing, you were in charge. it s a reflection of ownership, not about who manages it. we are harvey pitt on the record saying the s.e.c. doesn t care in this context who s managing it. the question is he s making money from all of it. then why is it that nick confessore can explain that better and fairly quickly, better than the romney campaign? it s tricky. when you start getting into business jargon you start to reinforce an impression of yourself as just a kind of out of touch business guy. look, it s clearly true that he had less responsibility for what bain did after february 99 than he did before. the question is whether he had any responsibility, when what romney wants to say his responsibility went from 100% to 0% and that s ki ....
Distinction. but in some ways it isn t. that s why we re litigating and fighting over it. after 99 bain made some investments in certain companies that were involved in outsourcing jobs to china, india, mexico. mitt romney is trying to basically claim that he wasn t involved with those sort of decisions. even though he still owned the company, even though he still benefited from that company, even though he put the company on that path, he s trying to separate himself from those particular deals. there were some bankruptcies too in companies that happened after that stage. so that s why he s trying to make february 99 this bright line. but i had a story out yesterday, michael, that had bain in 98 when romney was ahead of it investing in a chinese manufacturing company that was making money off u.s. companies outsourcing jobs to them. even prior to this 99 bright line, there are lots of problems at bain. there are lots of problems with his own personal finances with ....
Was on the sec filings because he was still technically the owner, but hadn t transferred ownership to other partners. still, technically the owner for three more years. i guess nobody could have cleared that up in the contractor of file sngs. he was technically the owner. making millions of dollars from this. what is it? this is not the way as charles said, most people live their lives and if you re not really the owner, not really in control of these shares, then why are you representing that to the sec. that s the argument that the obama campaign has been making. one thing they can t deny, they haven t yet, is this story that i came out with this morning showing that when he was at bain, before this magical february 99 date, he invested millions of dollars in a chinese company, a manufacturing company that was taking outsourcing manufacturing and outsourcing jobs from america. so this is a guy who now says ....
There s a $15 trillion debt. today the hhs is reversing welfare reform of bill clinton. david corn, you ve been all over this story. explain to someone who has been half paying attention the significance of 1999 versus 2002. in some ways, it s a phony distinction. but in some ways it isn t. that s why we re litigating and fighting over it. after 99 bain made some investments in certain companies that were involved in outsourcing jobs to china, india, mexico. mitt romney is trying to basically claim that he wasn t involved with those sort of decisions. even though he still owned the company, even though he still benefited from that company, even though he put the company on that path, he s trying to separate himself from those particular deals. there were some bankruptcies too in companies that happened after that stage. so that s why he s trying to make february 99 this bright line. but i had a story out yesterday, ....