August 23rd, 2012
02:00 PM ET
10 years ago

FORTUNE: Gawker's worthless 'Bain files'

FORTUNE - Gawker today published what it's calling The Bain Files, hundreds of pages of audited financials and private placement memoranda for old Bain Capital funds. Let me save you some time: There is nothing in there that will inform your opinion of Mitt Romney.

How do I know? Because I saw many of the exact same documents months ago, after requesting them from a Bain Capital investor. What I quickly learned that that there was virtually nothing of interest, except perhaps for private equity geeks learning exactly how much Bain paid for a particular company back in 2006. Sure I would have loved the pageviews, but not at the expense of tricking readers into clicking on something of so little value.


Filed under: 2012 • Bain Capital • Mitt Romney
soundoff (23 Responses)
  1. Anon

    Worthless? Is that why he already got caught lying in the docs about when he retired from Bain?

    August 23, 2012 02:01 pm at 2:01 pm |

    Bain created jobs for China , India, Russ Limbaugh, Sean Hannity...

    August 23, 2012 02:05 pm at 2:05 pm |
  3. yeah right

    He needs to release the returns and call out these voter suppression laws.

    August 23, 2012 02:08 pm at 2:08 pm |
  4. Rudy NYC

    Ann Romney has made it clear that "you all are not getting anymore tax returns." To her credit, she is standing firm with a tall stance. So, on that note....does anyone out there believe Mitt Romney will actually release tax returns 2-3 weeks before the Election Day? I don't. He knows that they will be picked over by the media and become the hot topic of political discussion. He doesn't want that scenario to unfold at all. But, he also doesn't want to break his promise to the American people that he *would* release returns 2-3 weeks before Election Day. To break that promise would be a complete disaster. I don't know about you, but I think Ann Romney has already made the last call on tax returns. No more returns.

    August 23, 2012 02:09 pm at 2:09 pm |

    We know Bain shipped jobs overseas. That's a fact. However, that's not everyones concern right now. We want to the see the tax evader Willard Capone's taxes for the past 5-12 years.

    August 23, 2012 02:13 pm at 2:13 pm |
  6. cali girl

    Confirmation plain and simple. Wonder what Robmeys response will be to this one. Or better yet, pawn up Andrea Saul or Sununu for the recap.

    August 23, 2012 02:17 pm at 2:17 pm |
  7. mississippi

    We want the bam taxes!!

    August 23, 2012 02:20 pm at 2:20 pm |
  8. Darryl

    Who cares about his FILES ? Thoese are NOT his TAXES ! This Romney guy is an IDIOT ! So is his WIFE !

    August 23, 2012 02:20 pm at 2:20 pm |
  9. Marie MD

    Oc course bain has had time to clean up their files just like the bulky bishop did after he stepped dons as governor of MA. All those emails and documents just disappeared. If somebody could find the computers and/or laptops I am pretty sure they could all be retrieved. I am sure the animal abusing bishop and his cronies made sure to throw in the ocean on an ocean trip on a nice rich yacht.

    August 23, 2012 02:33 pm at 2:33 pm |
  10. Mark

    Mitt knows he's been using "legal" loopholes to cheat the government. Funny he has a tax plan he wants to foist on us, but he's 4 months (and counting) late releasing his tax returns for 2011.

    August 23, 2012 02:45 pm at 2:45 pm |
  11. Sniffit

    Bain files =/= Mittens' personal TAX RETURNS. End of story. Those are the only documents that wil, at least partially, answer the questions the public has. Gawker is just doing it's job of oversensationalizing something...just like the rest of the MSM does (ALL of it).

    August 23, 2012 02:46 pm at 2:46 pm |
  12. Woman In California

    Of course there's nothing of interest. Willard carefully deletes all hard drives and/or records tying him directly to his crimes. This is why he doesn't want to release his tax returns because then, the public would see first hand just how many jobs he shipped overseas, the money he was paid to do it and how he CHEATED the U.S. government out of money and took the amnesty to hide his crimes. Willard shouldn't be even considered for the position of POTUS but yet, there are those who are only concerned with his skin color and fake credentials.

    August 23, 2012 02:53 pm at 2:53 pm |
  13. Ed1

    99% of the people that would look at the files couldn't understand them so why don't you stop complaining and see Mitt is the person for the job not the ever spending money we don't have Obama along with is party.

    Nothing wrong with being rich or not releasing your tax returns you couldn't understand them anyway.

    Face it Obama lovers all that we have had the past 3 1/2 tears is secret deals and the middle class shrinking under is no leadership.

    By Obama's own words if he couldn't cut the debt in half after three years he shouldn't be re-elected.

    August 23, 2012 03:05 pm at 3:05 pm |
  14. PRussell

    Mitt has had his way for so long and gotten away with telling the public just trust me that he thinks he can go to the White House with the same BS. I still want to know how you get a 100 million dollar IRA or 401K. This guy obviously will do whatever he can to avoid paying taxes. He slipped the other day and said he went to NH to get a tax break. These folks have no interests or idea about the middle class and they want to make sure to keep their status quo. Mitt is too secretive and too willing to lie to be trusted with the presidency.

    August 23, 2012 03:08 pm at 3:08 pm |
  15. Ed1

    What part of legal loopholes don't you understand it's all legal and if you want the rules changed then talk to the people who passed the laws and it wasn't Mitt he followed the rules weather you like it or not stop crying and get over it.

    Talk about jobs and the economy something Obama hasn't done a thing about except get us deeper in debt and 316,000 less jobs than we he took office in 2009. How does Obama say with a straight face that he has added more than 4 million jobs doesn't add up people.

    August 23, 2012 03:10 pm at 3:10 pm |
  16. Jane

    Romney destroyed all the files after he 'saved' the Olympics, which salvation consisted entirely of going to Washington and begging for billions of dollars (taxpayer money, not his own) and then distributing the $$ to his business buddies in Utah (you need two hands to count how many access roads to upscale housing divisions and corporate headquarters were created that had NOTHING to do with the Olympics). Romney destroyed all the files and hard drives after he realized there was no way he was going to be allowed to stay as Governor. Romney has hidden millions of taxable dollars in offshore funds and 'blind trusts' (which he himself ON VIDEO dismissed as tax evasion scams...whoops!). Romney's campaign ads (tv and print) started with an out and out lie (McCain quote, NOT Obama's) and has continued to this day. Hey, everybody, let's vote for this guy, he looks like someone we can trust...........

    August 23, 2012 03:21 pm at 3:21 pm |
  17. Claudia, Houston, Tx

    Worthless because all records that would destroy Romney have been destroyed just like his records he removed after leaving his governorship.

    August 23, 2012 03:50 pm at 3:50 pm |
  18. The REAL TRUTH...

    @Ed – we've been talking about the economy and jobs. The jobs bills that the GOP have blocked ever since 2009 and even those since 2010 when they regained control of the House on their, jobs, jobs, jobs platform!
    It's the same question I have for the Twit's tax returns.. WHERE ARE THEY!

    I love the right wing parroting of 316,000 jobs less than when he took office. so What??? It's a useless number.
    The FACT IS that Dubya's regime was losing over 700,000 JOBS EACH MONTH (those include the ones Bain sent offshore) when Obama took office. There were already more than 2.1 MILLION jobs LOST when Obama was sworn in.... that decline kept going until the STIMULUS (yes, all that $$ you right winger whine about) STEMMED the tide and supported creation of some 4+ MILLION jobs over the (almost) 4 yr period.
    I guess we should also ignore (and blame Obama for) the evaporation of $1/2 trillion surplus, -8.9% GDP, $11 TRILLION national debt, $1.47 TRILLION deficit, $2.8 TRILLION in tax cuts (unpaid for), TWO Wars (unpaid for), Medicare prescription plan (unpaid for), $3 TRILLION borrowed from China, BILLION dollar no-bid contracts award to the military-industrial complex, a Wall Street, Banking, Auto, Mortgage crisis that occurred under Dubya's watch ????

    August 23, 2012 03:59 pm at 3:59 pm |
  19. Rudy NYC

    Ed1 wrote:

    What part of legal loopholes don't you understand it's all legal and if you want the rules changed then talk to the people who passed the laws and it wasn't Mitt he followed the rules weather you like it or not stop crying and get over it.
    What part of he ain't gettin' elect'd without releasing more don't you understand? If it were not for the fact that Romney was BOOED at a GOP presidential debate, he wouldn't have released anything. Besides, Mitt Romney has a consistent track record of telling blatant lies about his finances and tax records. Personally, I would like to know if he has a conflict of interest. It's bad enough that Ryan wants to eliminate capital gains taxes completely.

    August 23, 2012 04:02 pm at 4:02 pm |

    "The blind trust is an age old ruse, if you will, which is to
    say, you can always tell a blind trust what it can and can not do. You
    give a blind trust rules

    Romney's campaign is based on the notion that because of what he did at Bain he understands the economy. It's perfectly reasonable to examine what his experience at Bain really taught him. After all, Bain wasn't in the business of creating jobs, it was in the business of making money

    The high unemployement is due to people like romney out sourcing that's why middle class Americans are suffering so much.

    In many circles he is a good business man, in others he is a man who broke other men down by closing their companies, these men lost their insurance, lost their pensions and lost their income, to top it off the govt. had to step in with millions to save their retirement income they worked for so many years to save. He's a flat out liar, never have I heard or seen so many flip-flops

    August 23, 2012 04:17 pm at 4:17 pm |
  21. Workers Unite!

    @Rudy NYC
    I think we need to see 5 years of your tax returns to allow you to continue posting....
    Get real will you. You ask Mr. Obama to release some of his education papers and I'll ask Mr. Romney to release his taxes.
    WHat it boils down to, if someone at the IRS has aleady checked Romney's taxes. No one has everseen Obama's transcripts.
    Hmm. which one do you thinks hides more about the canidates personality traits. Which one indicates they are a liar ?

    August 23, 2012 04:43 pm at 4:43 pm |
  22. Workers Unite!

    @Woman In California – your getting close to a libel suit !!

    August 23, 2012 04:46 pm at 4:46 pm |
  23. Darryls brother Darryl

    Gotta had it too my brother, at least he tells the truth and just says he hates the guy instead of the rest of you that type flat out lies.

    August 23, 2012 04:49 pm at 4:49 pm |