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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 ....

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