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July 03, 2012


When Did Romney Really Leave Bain?

"There is now a media debate over when Mitt Romney left Bain Capital, his private equity firm -- and the meaning of his departure," Mother Jones reports.

The Romney campaign and Bain maintain that he left in February 1999, but SEC documents -- including one signed by Romney -- identify Romney as a participant in a Bain partnership much later in the year. The documents suggest that Romney had not fully removed himself from Bain's business dealings.

"Romney's actual departure date is significant. If he did fully leave Bain in February 1999, he is better able to argue that he cannot be held responsible for the firm's actions afterward -- though he maintained his ownership interest in Bain and its various entities for years and, consequently, benefited from these deals."












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