Brian Beutler discusses how “Romney wants full political inoculation from anything Bain did between early 1999 and 2002″ when he claims to have left the company:
“For Romney to be truly off the hook politically for the stuff Bain was doing, he’d have to claim not lack of control, but lack of knowledge. And that’s just not going to wash with anyone. He could try going the “I didn’t have even the slightest idea what the company I technically still owned was doing” route, but he’d be marking himself as either dishonest or incompetent.
“And yet that’s really his only out. Just a guess, but if, hypothetically speaking, he’d learned during the 1999-2002 stretch that Bain had made a practice of poisoning the water supply in a Midwestern factory town, he’d have severed all ties, legal and otherwise, with the company.
“But that didn’t happen. More likely, Bain went on doing what it had always done, and with Romney’s tacit stamp of approval. So he owns it.”
Romney has either been lying to voters or he lied to investors and / or the SEC.
Read more at the Huffington Post: