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(Gawker)   Gawker gets their hands on 950 pages of semi-confidential Bain Capital information which document exactly what you'd expect   (gawker.com) divider line 333
    More: Scary, Bain Capital, Mitt Romney, semi-trailer trucks, internal audit, tax avoidances, Massachusetts law, Linkin Park, documents  
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6803 clicks; posted to Politics » on 23 Aug 2012 at 1:07 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-23 01:09:47 PM
From what I can tell, he DIRECTLY profited from the kinds of trades that crashed the economy. No wonder he wants to go back there.
 
2012-08-23 01:09:50 PM
/popcorn
 
2012-08-23 01:09:50 PM
Meh, I'll wait until a real news organization properly digests it.
 
2012-08-23 01:10:47 PM
After a preliminary look at the documents, I can say for certain that there's a whole lot of words and most of them are pretty big.
 
2012-08-23 01:11:06 PM
That Romney never "ran" Bain Capital?
 
2012-08-23 01:11:38 PM
Also, the offshoring he loves so doesn't seem to end with American jobs.
 
2012-08-23 01:11:39 PM
Well, this'll be fun!
 
2012-08-23 01:11:39 PM
Is this the October Surprise, in August!?

/When will Liberals stop picking on Romney :~(
 
2012-08-23 01:11:44 PM
Romney owns a stake in Sankaty Credit Opportunities L.P., a Delaware-based partnership. According to its financial statements, it had $201 million in assets in 2009 and a $52 million gain on the year-that's after a stunning $91 million loss in 2008. But what's interesting about Sankaty Credit Opportunities is that, according to his 2012 financial disclosure, Romney's interest in the entity was part of his retirement package: It was made "pursuant to an agreement with Bain Capital regarding Mr. Romney's retirement" in 1999. But according to its audited financial statement, Sankaty Credit Opportunities didn't exist yet when Romney retired: "Sankaty Credit Opportunities, L.P., is a Delaware limited partnership which commenced operations on August 12, 2002." In other words, Romney's 1999 retirement agreement included an investment in an entity created in 2002-in fact, was created in the heat of his first gubernatorial campaign in Massachusetts. When Romney explained at an October 29, 2002, debate in Massachusetts that he wasn't responsible for Bain's actions after his 1999 retirement, it was just 8 weeks after the creation by Bain of a fund that was part of his retirement agreement.
 
2012-08-23 01:12:10 PM
there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income.

Now wait a sec. I hate Republicans, and Rmoney's a joke, but come on - is this actually known, or is it just a talking point? As far as I know, Harry Reid made an unsubstantiated assertion to this effect that everyone since has been recycling as a citation.
 
2012-08-23 01:12:35 PM
When the WH is conquered, you will have the permission to die.
 
2012-08-23 01:13:04 PM
a0.twimg.com
 
2012-08-23 01:13:21 PM
I don't know where Gawker got all this shiat, but if it is legitimate, GOD BLESS THEM!
 
2012-08-23 01:13:44 PM
I'm predicting

shiat, meet fan.
 
2012-08-23 01:13:49 PM

sprawl15: After a preliminary look at the documents, I can say for certain that there's a whole lot of words and most of them are pretty big.


You and all the boys in the lab are doing a heck of a job.
 
2012-08-23 01:13:53 PM
They haven't found the plan where Ryan gets "disappeared" and Bernie Madoff is pardoned and made Vice President if Romney gets elected.
 
2012-08-23 01:14:22 PM

Philip Francis Queeg: Romney owns a stake in Sankaty Credit Opportunities L.P., a Delaware-based partnership. According to its financial statements, it had $201 million in assets in 2009 and a $52 million gain on the year-that's after a stunning $91 million loss in 2008. But what's interesting about Sankaty Credit Opportunities is that, according to his 2012 financial disclosure, Romney's interest in the entity was part of his retirement package: It was made "pursuant to an agreement with Bain Capital regarding Mr. Romney's retirement" in 1999. But according to its audited financial statement, Sankaty Credit Opportunities didn't exist yet when Romney retired: "Sankaty Credit Opportunities, L.P., is a Delaware limited partnership which commenced operations on August 12, 2002." In other words, Romney's 1999 retirement agreement included an investment in an entity created in 2002-in fact, was created in the heat of his first gubernatorial campaign in Massachusetts. When Romney explained at an October 29, 2002, debate in Massachusetts that he wasn't responsible for Bain's actions after his 1999 retirement, it was just 8 weeks after the creation by Bain of a fund that was part of his retirement agreement.


Which makes sense, considering he didn't retire in 1999 until 2002.
 
2012-08-23 01:15:19 PM
"Absolute Capital Return Partners LP, a $928 million fund that Romney has invested more than $1.25 million in, recorded proceeds of $174 million in 2009 from short-sales of stock, the often perniciously deployed tactic of betting on firms to fail-not exactly the sort of investment strategy you'd expect from someone arguing that only he can get our economy going again. Absolute Capital Return also recorded $131 million in proceeds from derivatives trading in 2009."

I perniciously made a few bucks betting against DELL and HPQ this week. Not only that, I hedged the shorts with exotic things called "stock options". Can I join the gang, Willard?
 
2012-08-23 01:15:23 PM
Are these Romney's documents that he chose to keep confidential, or are they under the control of someone else? I'm a huge liberal douche that hates Romeny, but if chose to keep them confidential it feels wrong to sift through them.
 
2012-08-23 01:15:55 PM

coeyagi: Meh, I'll wait until a real news organization properly digests it.


yeah, I tried... lots of words.
 
2012-08-23 01:16:10 PM

AdolfOliverPanties: I don't know where Gawker got all this shiat, but if it is legitimate, GOD BLESS THEM!


If it's legitimate, Mitt's body has defense mechanisms that will shut them down.
 
2012-08-23 01:16:24 PM

coeyagi: Meh, I'll wait until a real news organization properly digests it.


Documents are all right there. You can digest it all by your lonesome if you want.
 
2012-08-23 01:16:34 PM

coeyagi: Meh, I'll wait until a real news organization properly digests it.


I can't wait either. MSNBC will be demonizing Romney as Mr. Potter, and Fox will be scrambling to discredit/downplay it all at the same time. John Stewart will flame them all, and select sound bytes of each pundit directly contradicting their statements only a few months ago.

/grabs popcorn
 
2012-08-23 01:17:07 PM

scavenger: Are these Romney's documents that he chose to keep confidential, or are they under the control of someone else? I'm a huge liberal douche that hates Romeny, but if chose to keep them confidential it feels wrong to sift through them.


This is what is known as a "leak", and is the primary way the public learns information
 
2012-08-23 01:17:57 PM

Fuggin Bizzy: Now wait a sec. I hate Republicans, and Rmoney's a joke, but come on - is this actually known, or is it just a talking point? As far as I know, Harry Reid made an unsubstantiated assertion to this effect that everyone since has been recycling as a citation.


Lets take Romney at face value and say that he paid 13% and change every year. Hell, lets round it up to 14%.

That means he paid the nominal tax rate of someone making $21,700 a year.
 
2012-08-23 01:18:04 PM

skullkrusher: coeyagi: Meh, I'll wait until a real news organization properly digests it.

yeah, I tried... lots of words.


Just wondering, are you flexible enough to suck your own dick?

Again, just wondering.
 
2012-08-23 01:18:09 PM
This is going to be an interesting thread...
 
2012-08-23 01:18:47 PM
mjcache.files.wordpress.com

/Hot like how this thread is going to get
 
2012-08-23 01:18:59 PM

coeyagi: skullkrusher: coeyagi: Meh, I'll wait until a real news organization properly digests it.

yeah, I tried... lots of words.

Just wondering, are you flexible enough to suck your own dick?

Again, just wondering.


been a while since I've tried. I sincerely doubt it

/I don't understand your post
 
2012-08-23 01:19:28 PM

skullkrusher: I perniciously made a few bucks betting against DELL and HPQ this week. Not only that, I hedged the shorts with exotic things called "stock options". Can I join the gang, Willard?


There's a difference between Joe Skully Schmoe shorting a stock, and a hedge fund with assets capable of significantly moving the share price shorting a stock, and you know it.
 
2012-08-23 01:19:44 PM

coeyagi: skullkrusher: coeyagi: Meh, I'll wait until a real news organization properly digests it.

yeah, I tried... lots of words.

Just wondering, are you flexible enough to suck your own dick?

Again, just wondering.


But really, when I get a free second, I'll GIS for you lauding what a great piece of investigative journalism Gawker is.

//i.e., i could read it or I could not trust Gawker or I could just watch you fall all over your own phallus without cause
 
2012-08-23 01:19:52 PM
I get the feeling that unless and until the RNC/Fox News publishes its own takedown of Mitt Romney, Romney voters aren't going to be swayed by a Gawker report. Even if the info is good, and even if every news organization in the country does its own independent assessment of these documents and comes to the same conclusions, they just won't be swayed.

Either it's "the libs" or "Romney did nothing illegal*" or "good on him, reducing his EVIL tax liability" or somesuch.

// what would be really lulzy if, in 2016, we can't find anyone owning up to having voted Rymney/Roan

* this is reality-denial, but so long as he was never convicted (and the conviction upheld on appeal all the way to SCOTUS), they can cling to it like it was a gun.
 
2012-08-23 01:20:05 PM
This is going to be good.
 
2012-08-23 01:20:25 PM
When was the last time Romney earned money that was not hidden in a tax shelter?
 
2012-08-23 01:20:48 PM

sprawl15: Philip Francis Queeg: Romney owns a stake in Sankaty Credit Opportunities L.P., a Delaware-based partnership. According to its financial statements, it had $201 million in assets in 2009 and a $52 million gain on the year-that's after a stunning $91 million loss in 2008. But what's interesting about Sankaty Credit Opportunities is that, according to his 2012 financial disclosure, Romney's interest in the entity was part of his retirement package: It was made "pursuant to an agreement with Bain Capital regarding Mr. Romney's retirement" in 1999. But according to its audited financial statement, Sankaty Credit Opportunities didn't exist yet when Romney retired: "Sankaty Credit Opportunities, L.P., is a Delaware limited partnership which commenced operations on August 12, 2002." In other words, Romney's 1999 retirement agreement included an investment in an entity created in 2002-in fact, was created in the heat of his first gubernatorial campaign in Massachusetts. When Romney explained at an October 29, 2002, debate in Massachusetts that he wasn't responsible for Bain's actions after his 1999 retirement, it was just 8 weeks after the creation by Bain of a fund that was part of his retirement agreement.

Which makes sense, considering he didn't retire in 1999 until 2002.


Pish Posh. Dates are just numbers that don't really mean anything.
 
2012-08-23 01:21:19 PM

scavenger: Are these Romney's documents that he chose to keep confidential, or are they under the control of someone else? I'm a huge liberal douche that hates Romeny, but if chose to keep them confidential it feels wrong to sift through them.


Think of it as whistleblowing. Because, hell, that's exactly what it is.

And oh yeah, this is going to be total shiat-fan come next week's news cycle. Between the equity swap and AIV thing alone, Romney's looking to become the symbol of the financial malfeasance behind the 2008 crisis, Eurozone crisis, and LIBOR scandal.
 
2012-08-23 01:21:22 PM

Lost Thought 00: When was the last time Romney earned money that was not hidden in a tax shelter?


His stable of dancing horses earned him $50 in 2010.
 
2012-08-23 01:21:38 PM

incendi: skullkrusher: I perniciously made a few bucks betting against DELL and HPQ this week. Not only that, I hedged the shorts with exotic things called "stock options". Can I join the gang, Willard?

There's a difference between Joe Skully Schmoe shorting a stock, and a hedge fund with assets capable of significantly moving the share price shorting a stock, and you know it.


what, you're saying I don't have the power to move markets?

hehe, chillax, I just found the wondrous tone of that bit amusing with the foreboding sense that short selling is a bet against mom and apple pie
 
2012-08-23 01:21:46 PM
One thing's for certain; both candidates will most likely spin this information to their own benefit.
 
2012-08-23 01:22:13 PM

coeyagi: coeyagi: skullkrusher: coeyagi: Meh, I'll wait until a real news organization properly digests it.

yeah, I tried... lots of words.

Just wondering, are you flexible enough to suck your own dick?

Again, just wondering.

But really, when I get a free second, I'll GIS for you lauding what a great piece of investigative journalism Gawker is.

//i.e., i could read it or I could not trust Gawker or I could just watch you fall all over your own phallus without cause


I was agreeing with you, dummy. I tried to read it as well. Too many words.
 
2012-08-23 01:22:19 PM
I know this is probably impossible but, can someone give me an unbiased view on how credible gawker is?
 
2012-08-23 01:23:42 PM

ghall3: I know this is probably impossible but, can someone give me an unbiased view on how credible gawker is?


not very. If you would be so kind to ignore the Gawker description of the contents of those 950 pages and summarize them for us, you would be lauded as a king/queen among men/women
 
2012-08-23 01:24:26 PM

ghall3: I know this is probably impossible but, can someone give me an unbiased view on how credible gawker is?


I'd say credible enough to believe that the documents are legitimate, but not credible enough such that I'd trust their analyses to be the most accurate and/or honest.
 
2012-08-23 01:25:07 PM

KingPsyz: This is going to be an interesting thread...


This hasn't hit the conservative punditry yet, so I'd expect silence until the talking points have been uploaded to the derpcloud.
 
2012-08-23 01:25:26 PM
Can we PLEASE get back to green-lighting stories that matter to the American people, like the ethical implications of Paul Ryan's netflix queue? This tax stuff is BOOOOOOORRRING!!
 
2012-08-23 01:25:33 PM

EngineerBoy: ghall3: I know this is probably impossible but, can someone give me an unbiased view on how credible gawker is?

I'd say credible enough to believe that the documents are legitimate, but not credible enough such that I'd trust their analyses to be the most accurate and/or honest.


exactly
 
2012-08-23 01:26:02 PM

that bosnian sniper: scavenger: Are these Romney's documents that he chose to keep confidential, or are they under the control of someone else? I'm a huge liberal douche that hates Romeny, but if chose to keep them confidential it feels wrong to sift through them.

Think of it as whistleblowing. Because, hell, that's exactly what it is.

And oh yeah, this is going to be total shiat-fan come next week's news cycle. Between the equity swap and AIV thing alone, Romney's looking to become the symbol of the financial malfeasance behind the 2008 crisis, Eurozone crisis, and LIBOR scandal.



The thing is that you KNOW this is happening on both sides of the aisle. Why can't we blow the whistle on all of them and clean house? Crooks should not be allowed to hold public office.
 
2012-08-23 01:26:10 PM

skullkrusher: I was agreeing with you, dummy. I tried to read it as well. Too many words.


People assume the worst about your comments. I think it's the way you move in and out of sarcasm without using your blinkers. Or something like that.

I get you now when I once didn't, so I think you're a hoot. A hoot, I say! Chin up!
 
2012-08-23 01:26:18 PM
What is Romney's response to this going to be? An indignant appeal to his right to privacy? A quick condemnation of the liberal media being out to get him? A general response of, "you're just jealous that I'm rich"?

Or all of the above?
 
2012-08-23 01:26:43 PM

Fuggin Bizzy: there is almost no data on precisely what his vast holdings consist of, or what vehicles he has used to escape taxes on his income.

Now wait a sec. I hate Republicans, and Rmoney's a joke, but come on - is this actually known, or is it just a talking point? As far as I know, Harry Reid made an unsubstantiated assertion to this effect that everyone since has been recycling as a citation.


If Rmoney would release his returns, like his daddy did, we'd know the answer.
 
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