February 99 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Distinction between managing and controlling something. these are all s.e.c. documents of companies that bain owned a part of. they were required to file on them because they were owners, they controlled them. you can say that sounds like you ran the thing, you were in charge. it's a reflection of ownership, not about who manages it. we are harvey pitt on the record saying the s.e.c. doesn't care in this context who's managing it. the question is he's making money from all of it. >> then why is it that nick confessore can explain that better and fairly quickly, better than the romney campaign?...

Distinction. but in some ways it isn't. that's why we're litigating and fighting over it. after '99 bain made some investments in certain companies that were involved in outsourcing jobs to china, india, mexico. mitt romney is trying to basically claim that he wasn't involved with those sort of decisions. even though he still owned the company, even though he still benefited from that company, even though he put the company on that path, he's trying to separate himself from those particular deals. there were some bankruptcies too in companies that happened after that stage. so that's why he's ...

Was on the sec filings because he was still technically the owner, but hadn't transferred ownership to other partners. still, technically the owner for three more years. i guess nobody could have cleared that up in the contractor of file sngs. >> he was technically the owner. making millions of dollars from this. what is it? this is not the way as charles said, most people live their lives and if you're not really the owner, not really in control of these shares, then why are you representing that to the sec. that's the argument that the obama campaign has been making. one thing they can't den...

There's a $15 trillion debt. today the hhs is reversing welfare reform of bill clinton. >> david corn, you've been all over this story. explain to someone who has been half paying attention the significance of 1999 versus 2002. >> in some ways, it's a phony distinction. but in some ways it isn't. that's why we're litigating and fighting over it. after '99 bain made some investments in certain companies that were involved in outsourcing jobs to china, india, mexico. mitt romney is trying to basically claim that he wasn't involved with those sort of decisions. even though he still owned the comp...