Obama Back and Forth Over Bain Capital SEC Listing

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Republican presidential hopeful Mitt Romney insisted on Friday that he had “no role whatsoever in the management” of a private equity firm after early 1999, and demanded that President Barack Obama apologize. (July 13)

WJLA-TV: President Barack Obama said Friday that Republican rival Mitt Romney “is going to have to answer those questions” about when he gave up control of the private equity firm Bain Capital. (July 13)

Bain Capital is a Boston based alternative asset management and financial services company. Its actions during its first 15 years, became the subject of political and media scrutiny as a result of co-founder Mitt Romney’s later political career, and especially his 2012 presidential campaign. Mitt Romney was an executive of Bain Capital until 1999, but SEC filings list him as an executive up to three years later.

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