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Where in the world is Romney's money?
KMC » 9am - Jul 7, 2012
Washington Post's Ezra Klein: Vanity Fair and the Associated Press have both published in-depth,...
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Washington Post's Ezra Klein: Vanity Fair and the Associated Press have both published in-depth, investigative reports on Mitt Romney's assets. MSNBC's Lawrence O'Donnell talks to former DNC communications director Karen Finney and the Washington Post's Ezra Klein. Check out "Vanity Fair" exposé: http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts Where the Money Lives For all Mitt Romney?s touting of his business record, when it comes to his own money the Republican nominee is remarkably shy about disclosing numbers and investments. Nicholas Shaxson delves into the murky world of offshore finance, revealing loopholes that allow the very wealthy to skirt tax laws, and investigating just how much of Romney?s fortune (with $30 million in Bain Capital funds in the Cayman Islands alone?) looks pretty strange for a presidential candidate. By Nicholas Shaxson Read Inside Box 438, the British Virgin Islands? Tax-Friendliest Address Mitt Romney looking for his vacation home through the window of the campaign plane. © Ruth Tomlinson/Robert Harding World Imagery/Corbis (beach); by Justin Sullivan/Getty images (inset). BURIED TREASURE Grand Cayman, where Bain Capital maintains at least 138 funds. Inset, Mitt Romney tries to spot his La Jolla home from the campaign plane. A person who worked for Mitt Romney at the consulting firm Bain and Co. in 1977 remembers him with mixed feelings. ?Mitt was ? a really wonderful boss,? the former employee says. ?He was nice, he was fair, he was logical, he said what he wanted ? he was really encouraging.? But Bain and Co., the person recalls, pushed employees to find out secret revenue and sales data on its clients? competitors. Romney, the person says, suggested ?falsifying? who they were to get such information, by pretending to be a graduate student working on a project at Harvard. (The person, in fact, was a Harvard student, at Bain for the summer, but not working on any such projects.) ?Mitt said to me something like ?We won?t ask you to lie. I am not going to tell you to do this, but [it is] a really good way to get the information.? ? I would not have had anything in my analysis if I had not pretended.
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