"Romney and Bain claim that he was not involved with Bain, but Bain and its portfolio companies in their required filings under the Securities Exchange Act continuously certified to the Securities and Exchange Commission say precisely the opposite — asserting without qualification that he was a controlling person, fully in charge of Bain, under the Federal securities law. Under normal circumstances, the question of the truth of this representation would result in an investigation by the SEC into possible criminal, as well as civil, violations of the law."
— Robert Bauer, Obama campaign counsel, July 13, 2012
Three Pinocchios
"Significant factual error and/or obvious contradictions."
http://www.washingtonpost.com/blogs/...PpgW_blog.html