Posted on 01/13/2012 6:13:56 AM PST by true believer forever
Bain Capital said Friday that it has invested $12 million in Edgar Online, a publicly traded data services company that helps businesses prepare regulatory filings in a new format that will be mandatory by 2012.
As private equity firms slowly recover from the financial crisis, which had clamped down on the debt they need to make their deals, some are trying to make investments that don’t rely heavily on leverage. Among these transactions are public investments in private equity, known as PIPEs.
(Excerpt) Read more at dealbook.nytimes.com ...
1. "EDGAR, the Electronic Data-Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (the "SEC"). The database is freely available to the public via the Internet (Web or FTP)."
Approximately 3,000 company filings are made with EDGAR each and every day. In fact, if you wish to search for company filings on the Securities and Exchange Commission's website, you will be redirected to the EDGAR database.
So, Mitt Romney's Bain Capital has the ability see and then monitor every company's SEC Filing information even before the SEC sees it. Before anyone else can see them, Bain sees the filings. That is what is known as a competitive advantage. It is also known as Trading on Insider Information if Bain Capital is perusing these financial filings and using them to decide what to buy and sell within its portfolio.
Evoking FOIA exemption 7(a), the FBI denied access regarding Bain Capital records held by the F.B.I. on the grounds that such information was currently part of an ongoing criminal investigation:
The letter, viewable on Scribd.com, has had the name of the person requesting information redacted, as well as the date it was written. The top of the letter reads “Subject: Bain Capital” The relevant paragraph in the letter, signed by the FBI’s David Hardy, Records/Information Dissemination Section Chief, reads in part, “I have determined that the records responsive to your request are law enforcement records; that there is a pending or prospective law enforcement proceeding relevant to these responsive records; and that the release of the information contained in these responsive records could reasonably be expected to interfere with the enforcement proceedings.” In fact, the only time the Bureau is allowed to deny such a request is during an active investigation in which acknowledgment of responsive records would compromise it.
http://fixamerica-fredmars.blogspot.com/2012/01/so-you-want-which-fox-to-guard-hen.html
2. Approximately 3,000 company filings are made with EDGAR each and every day. In fact, if you wish to search for company filings on the Securities and Exchange Commission's website, you will be redirected to the EDGAR database (Source http://www.sec.gov/edgar/searchedgar/webusers.htm)
link to article: http://www.moneyteachers.org/Bain+Mitt+Romney+EDGAR.htm
it may very well be something in the FBI files is the planned Bain October surprise.,,
The Media will attack Mitt on his Mormonism, but angle it in a way that makes it look like Evangelicals hate Mormons. They will attack him for being born with a silver spoon in his mouth. Then they will critisize him for not running for a second term as governor. Then he won't release his taxes. blah blah blah... since Mitt is just a shined up McCain, four more years of Obama..
Bain Capital, the new Haliburton.
And don’t forget the always-reliable race card, couched in terms like “maybe it’s time we have a national conversation about the Mormon faith’s racist history”... and yet, and yet the republican establishment will not stop supporting him and tries to destroy anyone who comes against him... this is all making so very upset and sad...
Man, let that tin foil hat out a bit it has your head turning blue.
Actually, a PIPE is a “private investment in public equity”, not a public investment in private equity.
what’s your explanation of the data in these links? And don’t start with the personal slurs... talk about the issues and the facts or shut up... thank you very much.
Dont worry about that!!!
It’s an attack on capitalism. Just get some indignant Rombots + Rush and radio talk show hosts to harp on that for a few days and it all goes away!
Obama will NEVER dare use this with that firepower coming down on him!
What I read here is that Mitt has no current connection with Bain Capital and they are betting against his getting elected.
The NYT is just spinning for today’s headline.
Romney left Bain Capital in February 1999. At the time of his departure, Romney negotiated an agreement with Bain Capital that allowed him to receive a passive profit share as a retired partner in some Bain Capital entities, including buyout and investment funds.
did you read the links? do you have a comment on the information in the links? I am in a very bad mood today, and have about had it with you bigtime... trust me, you don’t want to get into a battle of intellect with me - you just don’t. Stop picking on me... I told you once I don’t consider you a serious person... nothing has changed that...
www.newt.org
www.newt.org/donate
GOOOOOOOOOOOOOOOOOOOOOOOOO NEWT!
Why can’t Bain Capital invest $12 million in Edgar Online? A college friend of mine bought shares in that in a private offering 10 years ago. Is he evil too? Newt is disgusting for unleashing a torrent of ignorance of venture capitalism among conservatives. And Romney isn’t even with Bain any longer. WTF?
The times article was from 2010... but isn’t what is going on is that there is being made an association: bain=romney, and once that’s the carved-in impression, then anything bad about bain is automatically attributed to romney, also? and so the republicans can’t afford to say bad stuff about bain, or have bad stuff come out about bain, because it will register as bad stuff about romney...
Edgar filings are all done via computer. No one at Edgar sees the data in the filings before they are filed w/ the SEC. To believe that an investor in one of Edgar's stocks or debts would be able to see that data is ludicrous.
Bingo! Bingo! Bingo! Bingo!!!
Today on FOX (Fair and Balanced Romney News Station) they mentioned Bain’s involvement with Obama’s car dealer’s adventures as a DEFENSE of why Obama shouldn’t be attacking him on that issue!!!
If they WERE Fair and Balanced, they would have asked why the heck any REPUBLICAN would be supporting a guy who was connected to a company involved with crony Capitalism.
I noticed they didn;t have Gretchen Carlson on today. Instead, they had that little liberal creep Alisyn Camerotta on. Probably because they could better rely on HER to defend Romney.
The Romney backers are VERY well-organized, well-paid, and INSIDIOUS. My guess is they are registered on this forum, know they can’t back Romney here, and INSTEAD, attack Gingrich, Santorum and Perry. Sort of like the stealth attacks Romeny lauched through hsi familiars in Iowa against Gingrich.
And was Romney affiliated with Bain at the time of that sale?
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