Yesterday's Boston Globe report that Mitt Romney was listed as “sole stockholder, chairman of the board, chief executive officer, and president” of Bain Capital from 1999 to 2002 continues to reverberate through the news. If it's true, it means that Romney lied repeatedly about having no responsibility for Bain's outsourcing, their investments in a company that discards aborted fetuses, and much more. If it's false, it means that Bain (and possibly Romney) committed fraud on quite a few SEC filings. Bain's response to the report was half-hearted and didn't solve anything.
Here's a Boston Globe story about the fallout. The Romney campaign has asked the Globe for a correction, but they haven't actually disputed any of the facts in the original article. Here's Business Insider explaining that Romney's current explanation of this is bullshit. Here's an Obama campaign ad explaining the situation in clear language:
In the meantime, more reports listing Romney as the head of Bain during the 1999-2002 gap are popping up all the time. And Salon and Talking Points Memo both note that when Romney was running for governor of Massachusetts, he was promoting his ties to Bain during that gap as a way to prove that he maintained Massachusetts citizenship while he was in Utah helping with the Winter Olympics.
Mitt Romney is going to have to face questions about this before too long. The story is spinning out of control.