And the truth about Romney is...

Mitt Romney testified to Massachusetts officials in 2002 that he
maintained business ties during his Olympics work, undermining his
argument that he had no connection to Bain Capital or related companies
after 1999. Notably, his campaign has refused to deny whether he ever
held meetings with Bain during his time in Salt Lake City.

Romney, who at the time was trying to convince the state Ballot Law
Commission that he should be allowed to run for office in Massachusetts
despite living in Utah the previous three years, did not directly
address his work with Bain Capital. But, in testimony obtained by the
Huffington Post, Romney said that he returned home for “a number of
social trips and business trips that brought me back to Massachusetts,
board meetings, Thanksgiving and so forth.”

Romney noted that he remained an active member of the board at Staples,
where Bain was an early investor and a company Romney frequently cites
on the trail, and LifeLike, a toy company where Bain was heavily
invested at the time.

A spokesman for the Romney campaign declined to answer questions from
Politico regarding whether Romney attended any meetings in person or
phone with Bain during his Olympic leave, saying only that he had no
“active role.”

Democrats claim Romney should be held responsible for deals Bain
conducted from 1999-2001 in which companies either went bankrupt or
profited from outsourcing. Romney was listed in numerous SEC filings as
sole stockholder, CEO and chairman of the board of Bain Capital and
related firms during that period and his “principal occupation” was
listed as a “managing director,” but Romney has insisted he had no
day-to-day role during the period.

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