In a previously unreported remark, Romney indicated he went through a "transition" at Bain after heading to Utah in February 1999.
Mitt Romney, his campaign, and Bain Capital, the private equity firm he founded, keep insisting that Romney departed the company in February 1999 and had nothing to do with its operations and deals once he headed to Salt Lake City to take over the troubled Winter Olympics. Romney even signed a federal financial disclosure form, under the penalty of perjury, declaring that he had not been involved "in any way" with Bain after he left for Utah. Yet evidence has emerged that undermines this claim and that suggests Romney may have made a false statement on this disclosure form (which would be a potential felony punishable by a $50,000 fine and up to a year in jail). Now there's another indication that Romney's break with Bain wasn't so clean—and this is according to Romney himself.
In recent weeks, Barack Obama and Mitt Romney have accused each other of being an "outsourcer in chief," as their campaigns have tussled over Romney's past at Bain Capital and the (non)release of his tax returns. But all this scuffling hasn't taken into account an until-now unreported fact about Romney's days at Bain: When he was running the private equity firm, he invested tens of millions of dollars in a pair of companies that specialized in outsourcing high-tech manufacturing and that developed offshore production facilities in Mexico, China, and elsewhere to build electronics for US firms.
Amid recent media reports of banks manipulating interest rates, cheating consumers, and doing business with money launderers, the Center for Responsive Politics' early review of second quarter lobbying filings reveals a a noticeable drop in lobbying expenditures for a few (now infamous) banks.
Overall, banks maintained strong visibility in the halls of Congress and at the regulatory agencies. But Barclays, whose CEO Bob Diamond resigned last month after the British bank was fined for manipulating information that affects a key interest rate known as LIBOR, barely registered a lobbying presence over the last three months. The disgraced bank reported spending only $160,000 in the most recent quarter, and $450,000 in the first quarter of 2012.
By this time last year, Barclays had spent $2,300,000, almost four times its 2012 year-to-date amount.
Much like the mortgage market, the market for private student loans has gone through a big boom and a messy bust. Some banks and lenders played fast and loose with student loans, aggressively marketing them to borrowers who couldn't afford that amount of debt, according to a new government report.
We track these Twitter stats since September 26, 2008. You can see how many followers Mitt Romney lost or gained and what the prediction is for tomorrow or the next 15 days, together with all kinds of other stats like rank compared to all Twitter users, tweets etc.
Unknown to most Americans, Washington's garrisoning of the planet is on the rise, thanks to a new generation of bases the military calls "lily pads" (as in a frog jumping across a pond toward its prey).
It's a trick. When people tell you that you shouldn't politicize a tragedy like the shooting in Aurora, Colorado they are unwittingly helping to spread NRA propaganda.
In his first media interview, George Zimmerman — who is on trial for the murder of Trayvon Martin — told Fox News host Sean Hannity that he has “no regrets,” and that the incident was part of “God’s plan.”
Mr Doyle, former adviser to the IMF's European Department, which is running the bailout programs for Greece, Portugal and Ireland, said the Fund's delay in warning about the urgency of the global financial crisis was a failure of the "first order".
Every year there are 30,000 gun deaths and perhaps as many as 300,000 gun-related assaults in the U.S. Firearm violence costs our country as much as $100 billion a year. Toys are regulated with greater care and safety concerns than guns.
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