The Globe's scoop about Romney's remaining head of Bain long after 1999 may have more legs: falsely reporting your corporate status to the feds is a felony. I can't believe Romney was dumb enough to do that. His campaign has made the following statement:
"Romney wasn't involved in any investment decisions," Romney adviser Matt McDonald said. "He was on the SEC filings because he was still technically the owner, but hadn't transferred ownership to other partners."
And simply saying you were not in charge of Bain after 1999 would not be a felony. But if you are still technically the owner, do you not have responsibility for the decisions of your own company? And why was he paid $100,000 a year for it, as the Globe asserts? Meanwhile, another story about his business past is now percolating:
According to government documents reviewed by Mother Jones, Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.
This investment came well before Romney claims to have quit Bain. Which makes this sentence an Obama ad waiting to drop in Ohio:
Romney was using a mysterious Bermuda-based entity to invest in a Chinese firm that thrived on US outsourcing.
Oy.
The Dish 