The transcript of Romney’s testimony about Staples is pretty interesting. Romney told the truth under oath, as best I can tell, but not when it came to reporting the true value of common stock for tax purposes. Romney, as a director of Staples, approved the valuation of the common stock for tax purposes as worth a tenth of a cent. Then he tells the court that it was worth $1.30. Now, this was a long time ago, and I’d be surprised if it became a campaign issue. But it’s part of a larger pattern of valuation games that Romney has proven, time and again, to be very aggressive. Needless to say, “one could justify” is not the same thing as “the value is.” From the transcript:
