Reporting of structural capital
The Obama campaign blamed Governor Mitt Romney for the demise of GST Steel company in a video they released in May. The plant closed in 2001. Mitt left Bain in 1999.
For some reason the Obama camp forgot to mention this…
Obama’s top bundler Jonathan Lavine was in charge of Bain during the BST layoffs.
Chuck Slowe reported:
Blaming Governor Romney for any issues surrounding the failure of GST is wrong and it is a blatant lie. Mitt Romney had been long gone when the company started to fail and subsequently closed it doors. When are the President and his campaign hacks going to get the story correct? When are they going to get back to their economy and its dreadful condition? Mr. President, you can run but you cannot hide.
It turns out that Jonathan Lavine, current Obama bundler, was actually in charge, at Bain, during that period, when the layoffs occurred. Oops, that isn’t right, is it? Yes, that story is the one that needs to be reported on. Sorry Mr. President, your lies are just getting to be more than many of us are able to handle.
Source: The Gateway Pundit
Financial Reporting and Global Capital Markets: A History of the International Accounting Standards Committee, 1973-2000
Book (Oxford University Press, USA)
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