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NYT: Bain Capital Is Spying On Tibetan Monks

From Obama’s opposition research team at the New York Times:

Firm Romney Founded Is Tied to Chinese Surveillance

By ANDREW JACOBS and PENN BULLOCK
March 15, 2012

BEIJING — As the Chinese government forges ahead on a multibillion-dollar effort to blanket the country with surveillance cameras, one American company stands to profit: Bain Capital, the private equity firm founded by Mitt Romney.

In December, a Bain-run fund in which a Romney family blind trust has holdings purchased the video surveillance division of a Chinese company that claims to be the largest supplier to the government’s Safe Cities program, a highly advanced monitoring system that allows the authorities to watch over university campuses, hospitals, mosques and movie theaters from centralized command posts.

The Bain-owned company, Uniview Technologies, produces what it calls “infrared antiriot” cameras and software that enable police officials in different jurisdictions to share images in real time through the Internet. Previous projects have included an emergency command center in Tibet that “provides a solid foundation for the maintenance of social stability and the protection of people’s peaceful life,” according to Uniview’s Web site.

Such surveillance systems are often used to combat crime and the manufacturer has no control over whether they are used for other purposes. But human rights advocates say in China they are also used to intimidate and monitor political and religious dissidents. “There are video cameras all over our monastery, and their only purpose is to make us feel fear,” said Loksag, a Tibetan Buddhist monk in Gansu Province. He said the cameras helped the authorities identify and detain nearly 200 monks who participated in a protest at his monastery in 2008.

Mr. Romney has had no role in Bain’s operations since 1999 and had no say over the investment in China. But the fortunes of Bain and Mr. Romney are still closely tied.

The financial disclosure forms Mr. Romney filed last August show that a blind trust in the name of his wife, Ann Romney, held a relatively small stake of between $100,000 and $250,000 in the Bain Capital Asia fund that purchased Uniview.

In a statement, R. Bradford Malt, who manages the Romneys’ trusts, noted that he had put trust assets into the fund before it bought Uniview. He said that the Romneys had no role in guiding their investments. He also said he had no control over the Asian fund’s choice of investments

In other words, despite what The Times claims, Mr. Romney is not "closely tied" to Bain. In fact, the Romneys put their money in a blind trust in 2003, long before any of this happened. And since that time they have no control over what Bain does.

So why was this worthy of a 1,804 word article that is the top story on the front page of the New York Times?

This is a rhetorical question, of course. Because it’s clear that The Times and the rest of the Democrat Media Complex want to turn Bain Capital into the new Halliburton. They need a new bogyman.

Even if it means indirectly criticizing their friends in Communist China, and surveillance cameras, which The Times supports for Europe and New York City.

By the way, do you remember the New York Times doing this kind of research on Hillary Clinton’s blind trust investments? Or John Kerry’s?

These are more rhetorical questions.

This article was posted by Steve on Friday, March 16th, 2012. Comments are currently closed.

One Response to “NYT: Bain Capital Is Spying On Tibetan Monks”

  1. Right of the People says:

    “But human rights advocates say in China they are also used to intimidate and monitor political and religious dissidents. “There are video cameras all over our monastery, and their only purpose is to make us feel fear,”

    You could say the same thing about most big US cities with Washington DC being one of the worst offenders. Where is the outrage from the Slimes on the traffic cameras here? Besides being terribly intrusive the local governments use them as vast sources of income. The average traffic ticket generated by these surveillance cameras is $125.00.


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