Political junkies are abuzz today with the latest Romney flip-flop, but this time it’s a little more serious. This morning, The Boston Globe reported that although Romney has said that he retired from Bain Capital in 1999, SEC filings by Bain claim that Romney remained the “sole shareholder, sole director, Chief Executive Officer and President” of Bain until 2002. And we’ve got the documents to show it.
Check out this excerpt from Romney’s 2001 Public Financial Disclosure Report, which he signed:
Now, check out this bit from the Securities and Exchange commission document filed by Bain Capital in 2002, signed by Romney:
So which is it? Did Romney lie to the American people about having left Bain three years before he actually did or did he lie to the SEC when he signed the 2001 filings? The Boston Globe stated that the discrepancy is important because “[Romney] has said his resignation in February 1999 meant he was not responsible for Bain Capital companies that went bankrupt or laid off workers after that date” and because Bain is the main source of Romney’s wealth.
The answer might be in the details. Politico published a statement from Bain Capital this afternoon:
“Mitt Romney left Bain Capital in February 1999 … Due to the sudden nature of Mr. Romney’s departure, he remained the sole stockholder for a time while formal ownership was being documented and transferred to the group of partners who took over management of the firm in 1999″
Which, apparently, is why Romney’s name is on the SEC filings three years after he “retired.”
Discrepant details or not, this is not good news for Romney. Lying to the SEC is considered a felony; lying to American voters is, well, just not right.
Which is worse and what’s the truth? Tune in tonight to “The War Room,” live on Current TV at 9 p.m. ET / 6 p.m. PT to hear what our best political analysts have to say about Romney’s recent secrets and lies.