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.
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.
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.
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?
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.
And I mean that seriously: get a grip.
EDGAR is the SEC's filing system. When a company files its data it sends it electronically to the SEC's EDGAR database. EDGAR online simultaneously makes it publically available.
There is no illegal preview here.
Romney is a disastrous candidate, but this kind of mentally-disturbed conspiracy theory makes him look good.
It's sickening how morons who falsely claim to be "conservatives" are using Romney as a vehicle for bashing free enterprise.
Get your act together.
"And I appreciate the business. Bugs for Mitt."
The database is freely available to the public via the Internet (Web or FTP).
If it's freely available to the public, what's the big deal? I don't like Romney because of his belief in big government. Trying to portray him as dishonest seems, well, dishonest.