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Friday, January 13, 2012

Romney Watch - FBI Investigating Bain Capital?

Jan 13th, 2012

Well, yes. But, let's not all start wildly speculating.

historiographic anarchy posted last week:

"About two weeks ago, the FBI evoked FOIA exemption 7(a) and denied access to all Bain Capital records on the grounds that "there is a pending or prospective law enforcement proceeding relevant to these responsive records; and that release of the information contained in these responsive records could reasonably be expected to interfere with the enforcement proceedings."

I can find very little background on this story which has been floating around the margins for a while. That said, something is going on. It is unclear what documents were requested and for what time-frame.

It's important to again remind everyone that any number of recent Bain purchases might have triggered an automatic law enforcement review. The 2010 acquisition of $12 million in Edgar Online stock, for example, raised a number of red flags. We will keep an eye on this one.

The original document can be found HERE
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