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	<title>The Inquisitr</title>
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		<title>Gawker&#8217;s Bain Capital Investigation Is For Naught</title>
		<link>http://www.inquisitr.com/310963/gawkers-bain-capital-investigation-is-for-naught/</link>
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		<pubDate>Fri, 24 Aug 2012 02:15:50 +0000</pubDate>
		<dc:creator>Dusten Carlson</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Bain Capital]]></category>
		<category><![CDATA[bain document leak]]></category>
		<category><![CDATA[gawker]]></category>
		<category><![CDATA[gawker asks for help]]></category>
		<category><![CDATA[gawker bain]]></category>
		<category><![CDATA[gawker bain investigation]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[the bain files]]></category>

		<guid isPermaLink="false">http://www.inquisitr.com/?p=310963</guid>
		<description><![CDATA[<br />Snarky news site Gawker has 950 pages of internal financial documents obtained from Mitt Romney&#8217;s Bain Capital, and they need your help sorting through them. The site has one of those old-fashioned feelings, what we in the journalism biz call &#8220;the gut feeling,&#8221; that these documents could be potentially damaging to the GOP presidential candidate. [...]<p><a href="http://www.inquisitr.com/310963/gawkers-bain-capital-investigation-is-for-naught/">Gawker&#8217;s Bain Capital Investigation Is For Naught</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
<br /><br /><br />]]></description>
				<content:encoded><![CDATA[<p><a href="http://www.inquisitr.com/310963/gawkers-bain-capital-investigation-is-for-naught/xlarge-4/" rel="attachment wp-att-310978"><img class="aligncenter size-full wp-image-310978" title="Gawker asks for your help decoding Bain files" src="http://www.inquisitr.com/wp-content/uploads/2012/08/xlarge1-e1345774422895.jpg" alt="Gawker's Bain investigation " width="474" height="275" /></a></p>
<p>Snarky news site <em><a title="The Bain Files: Inside Mitt Romney’s Tax-Dodging Cayman Schemes" href="http://gawker.com/5936394/">Gawker</a></em> has 950 pages of internal financial documents obtained from Mitt Romney&#8217;s Bain Capital, and they need your help sorting through them. The site has one of those old-fashioned feelings, what we in the journalism biz call &#8220;the gut feeling,&#8221; that these documents could be potentially damaging to the GOP presidential candidate. They just need some help &#8220;translating&#8221; them.</p>
<blockquote><p>&#8220;Gawker has obtained and published more than 950 pages of internal financial documents for 21 cryptically named entities in which Mitt Romney had invested—at minimum—more than $10 million as of 2011,&#8221; reports Gawker. &#8220;Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999; many of them are offshore funds based in the Cayman Islands. Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his $250 million fortune.&#8221;</p></blockquote>
<p>Still, the website&#8217;s editors have humbly declared that they can&#8217;t make heads or tails of the documents (and honestly, neither can we).</p>
<blockquote><p>&#8220;The documents are exceedingly complicated. We don&#8217;t pretend to be qualified to decode them in full, which is why we are posting them here for readers to help evaluate,&#8221; says Gawker.</p></blockquote>
<p>They have made some headway thus far, but <em><a title="Gawker's worthless 'Bain files'" href="http://finance.fortune.cnn.com/2012/08/23/gawkers-worthless-bain-files-2/">CNN Fortune</a></em> warns that they may not find the pot of gold they&#8217;re looking for.</p>
<blockquote><p>&#8220;Let me save you some time,&#8221; writes Dan Primack. &#8220;There is nothing in there that will inform your opinion of Mitt Romney.&#8221;</p>
<p>&#8220;How do I know? Because I saw many of the exact same documents months ago, after requesting them from a Bain Capital investor. What I quickly learned was that there was little of interest, except perhaps for private equity geeks who want to know exactly how much Bain paid for a particular company back in 2006. Sure I would have loved the pageviews, but not at the expense of tricking readers into clicking on something of so little value,&#8221; he writes.</p></blockquote>
<p>The link to the published pages is <a title="The Bain Files: The Documents" href="http://gawker.com/5933641">here</a>, just in case you have some expertise in the area. You can also go to <em>Gawker&#8217;s</em> main page to see where they&#8217;re at thus far with the Bain investigation, and <em>CNN Fortune&#8217;s</em> column for Dan Primack&#8217;s preemptive Mitt Romney fact-check.</p>


<p><a href="http://www.inquisitr.com/310963/gawkers-bain-capital-investigation-is-for-naught/">Gawker&#8217;s Bain Capital Investigation Is For Naught</a> is a post from: <a href="http://www.inquisitr.com">The Inquisitr</a></p>
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