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Mitt Romney Bain Capital Document Lists Him As 'Managing Member' In 2002

By tovarichpeter   Follow   Sun, 15 Jul 2012, 7:51pm   591 views   8 comments
In South San Francisco CA 94080   Watch (2)   Share   Quote   Permalink   Like   Dislike  

http://www.huffingtonpost.com/2012/07/15/mitt-romney-bain-capital_n_1674209.html

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1. CaptainShuddup Follow Befriend (1) 248 threads 4,716 comments

   1   6:57am Mon 16 Jul 2012   Share   Quote   Permalink   Like   Dislike (2)   Uh Oh! Here comes the Taxthers.

2. Randy H Follow Befriend (5) 44 threads 4,602 comments Los Altos, CA Premium

   2   7:19am Mon 16 Jul 2012   Share   Quote   Permalink   Like   Dislike   Isn't that the common legal definition of any LLC equity owner?

3. clambo Follow Befriend (5) 1,070 comments Santa Cruz, CA

   3   8:30am Mon 16 Jul 2012   Share   Quote   Permalink   Like   Dislike (3)   huffington post, give me a fucking break. tovarich get a life.

4. swebb Follow Befriend (3) 29 threads 490 comments Denver, CO

   4   9:07am Mon 16 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   Sure, Huff post is a tabloid rag or whatever. They are reporting facts, so you can't dismiss them (unless you think they are being dishonest). Let's discuss the facts and whether or not they matter. Personally I think this whole thing is a distraction from real issues, but he does seem to be "running away" from Bain. Is it just that being rich doesn't play well with middle America, or is there something "real" there?

5. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

   5   9:48am Mon 16 Jul 2012   Share   Quote   Permalink   Like (2)   Dislike   swebb says Is it just that being rich doesn't play well with middle America, or is there something "real" there? Rich plays very well with middle America. However, getting rich by exporting American jobs and bankrupting companies does not play well.

6. leo707 Follow Befriend (12) 10 threads 3,516 comments Oakland, CA leo707's website Premium

   6   9:51am Mon 16 Jul 2012   Share   Quote   Permalink   Like (3)   Dislike   Randy H says Isn't that the common legal definition of any LLC equity owner? Perhaps, but the document also defines Romney as... "A corporate document filed with the state of Massachusetts in December 2002 -- a month after Romney was elected governor -- lists him as one of two managing members of Bain Capital Investors, LLC 'authorized to execute, acknowledge, deliver and record any recordable instrument purporting to affect an interest in real property, whether to be recorded with a Registry of Deeds or with a District Office of the Land Court.' "

7. kentm Follow Befriend (1) 117 threads 971 comments

   7   10:58am Tue 17 Jul 2012   Share   Quote   Permalink   Like   Dislike   The point isnt that R is rich or whatever, the point is that he lies about his position. Add to this the facts that Bain was actively involved in offshoring jobs and R seems to have any and everything humanly possible to skip out on taxes, well it's a nightmare, huh? Speaking of Bain, what did everyone think about the 'retroactively retired' BS?...

8. rdm Follow Befriend 4 threads 239 comments

   8   11:14am Tue 17 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike   Randy H says Isn't that the common legal definition of any LLC equity owner? No, there are several types of members in an LLC. The managing member(s) has certain authority that other members (simple equity owners) do not. This is typically defined in the operating agreement and can vary from LLC to LLC and possibly state to state. The ones I am involved with the managing member(s) negotiate leases, borrow money and contract for services up to a certain level without approval from the other members. The types of things a managing member could do would vary by the type of business and the operating agreement. If he was the only managing member this would be significant, if he is not it would only mean he had the ability to do such things but not that he actually did them. Some LLC's have executive committees that substitute for managing members.