Posted on 01/27/2012 10:57:39 PM PST by Laissez-faire capitalist
Debating in Tampa Florida this month, Mitt Romney strongly denied that his investment company Bain Capital did "any work with the government like Medicaid and Medicare." However, under Romney's "supervision," Bain purchased and ran the Damon Corporation which pled guilty to Federal conspiracy charges - as a result of tens of millions in systemic Medicare fraud...
According to a cited Forbes report, in 1989, Bain Capital purchased controlling interest in Damon Corp. a medical testing company located in Needham, Massachusetts. "During the time that Bain held its ownership of the company, Mitt Romney personally sat on the board of directors.."
And during that same period, Damon Corp. was busy submitting fraudulent reimbursement claims to Medicare to the tune of millions of dollars.."
According to the Forbes summary, by the time Damon Corp. pleaded guilty to defrauding the United States Government Bain had conveniently and in the nick of time sold the company to Corning, Inc.
According to Forbes, when Mitt Romney was hammered with the scandal during his campaign to become Governor of Massachusetts, he acknowledged that he did have some awareness of the shady dealings going on at Damon... he had helped uncover the illegal activity at Damon, asking the boards lawyers to investigate. As a result, he said, the board took corrective action before selling the company in 1993 to Corning Inc. However, according to the court records, the Damon scheme continued throughout Bain's ownership, and prosecutors credited Corning, not Romney, with taking corrective action.
According to a Boston Globe report... then Republican gubernatorial candidate Mitt Romney, while insisting that he and fellow members of Damon Corp. uncovered what was later determined to be a criminal scheme to defraud Medicare in 1993, acknowledged that the directors did not turn over their findings to federal authorities...
(Excerpt) Read more at newsmax.com ...
Yes, I am aware of the history of this flap.
If Romney was a mortician stealing gold teeth the nomenklatura would defend him as a ‘successful mineral reclamation investor’.
Like sockpuppet Obama, sockpuppet Romney can do no wrong for those who find amoral empty suits useful.
I can see where you are coming from, but dealing with the message is what is needed and is what matters, not focusing on the messenger (Forbes, who whoever it is).
Tigen gave a link to this video earlier today.
http://www.youtube.com/watch?v=IFkaCji-UDA
(thread: http://www.freerepublic.com/focus/f-religion/2839000/posts)
If you can stand it, watch it all otherwise you can watch Romney start to wind up and get all bent out of shape.
Starting at about 9:00
One thing I’ve learned in the last few days, Romney seems to be a habitual liar along with ‘I didn’t know about that’ sort. Real slime.
Justiceseeker93 commented to me about this article, pointing out errors. Since I admire Steve Forbes and know his background, I doubt there are any misstatements in the video.
Steven Forbes is associated with Forbes Magazine, and is a great Conservative. A proponent of the flat tax, he even ran for the Republican candidacy to be President (nice man, no charisma!). I'm sure at this point he is backing Newt Gingrich; I know he would never support someone like Mitt Romney.
The whistle blowers need to come out. Ethics doesn't matter. If Romney was a good guy, he would not have any problems-he is what he is and seems like a corrupt money man. I pray that we the people can stop this guy.
LOL! Exactly; as another poster said, Romney has managed (with the cooperation of the media) to portray any attack on him or his practices as an "attack on capitalism."
As for this latest shady business, Romney will doubtless say he knew nothing about it, adding it to the many things he knew nothing about: his scurrilous (personally endorsed!) ad saying Gingrich thought Spanish was a ghetto language, his last year's income taxes, his investments, what bank he left his money in and in what country, etc.
Anybody who claims to know that little about his day-to-day life can hardly at the same time claim to be a great businessman!
“Steven Forbes is associated with Forbes Magazine, and is a great Conservative. A proponent of the flat tax, he even ran for the Republican candidacy to be President (nice man, no charisma!).”
At the time I dismissed him out of hand for coming across as a nerd. Such a shallow mistake on my part. He has proven to be a rock of conservatism AND liberty over the years. Quiet, but firm and unyielding. A good man, who promotes freedom and prosperity rather than himself.
If the media doen’s get the word out, will anyone know?
Mitt managed via a “blind trust” ???
Man, great video of Mitt. What an ass.
First minute: “I always get those thick filet mignons”
(Yeah, he’s really in touch with most Americans)
Man, the video is excellent.
MITT WAS SWEATING !
Romney actively opposed Forbes’ tax plan:
http://www.nationalreview.com/corner/274716/romney-switching-positions-flat-tax-katrina-trinko
In 1996, Mitt Romney was so passionately opposed to the flat tax that he took out an ad in the Boston Globe to criticize Steve Forbes’ flat tax proposal. “The Forbes tax isn’t a flat tax at all — it’s a tax cut for fat cats!” Romney, labeling himself a “concerned citizen,” wrote.
By the end of the general election campaign (if Mitt wins - and I’m not so sure he will), we will know everything we need to know about Mormonism. Obama will make sure of that.
Ugly. It’s going to get real ugly.
You are so right, and we all need to keep our eye on the ultimate goal of getting rid of the enemy in the White House. Obama and his operatives are sitting on a mountain of cash. With that much cash to pay for opposition research they could dig up dirt on probably anyone. What we need to be concentrating on is bypassing the firewall put up by the MSM to protect Obama and getting as many stories out into the ether as we can that put Obama in the position of defending himself. The best defense for Republican candidates in this instance truly is to have a good offense.
I wonder if the Cinderella story of Newt coming back and taking it all after FL won't become all that much more compelling if that were the case.
Later
http://www.baincapitalprivateequity.com/Investments/432/HCA
Bill Frist, medical doctor and former Republican Senate Majority Leader (2003 - 2007), said Tuesday that he’s for fixing not nixing ObamaCare.
Frist’s father and brother founded Hospital Corporation of America, the “largest private operator of health care facilities in the world.” His brother, nephews and other members of his extended family own significant stakes in the company, which is eyeing a public stock offering to resolve looming debt issues. With ObamaCare, hospitals forecast less uncompensated care (bad debt) and their stock prices have been rising accordingly. The “improved prospects for publicly traded hospitals appear to have inspired the owners of HCA to take the company public” again.
http://www.americanthinker.com/blog/2011/01/frist_obamacare_beautiful_on_p.html
The RinoCrat Oligarchy have themselves invested in Bain...and their personal financial security is probably dependent on its success...which is in turn dependent upon a Romney Candidacy.
Think Madoff...but with legislative leverage to meet the calls....
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