Where Romney's $$$ lives . . .
Amazing article by Nicholas Shaxson that gives you a look at the offshore money and complicated hidden assets of Rmoney.
<snip>
"Though he left [Bain Capital] in 1999, Romney has continued to receive large payments from it -- in early June he revealed more than $2 million in new Bain income. The firm today has at least 138 funds organized in the Cayman Islands, and Romney himself has personal interest in at least 12, hidden behind confidential confidentiality disclaimers."
<snip>
" Full 55 pages in Romney's 2010 tax return are devoted to reporting his transactions with foreign entities."
<snip>
"When Romney was at Bain, taxpayers could put just $2,000 per year into an IRA, and $30,000 annually into another plan. How can Romney's IRA now contain up to $102 million?"
So much for our country's deregulated financial sector -- Rmoney is an example of someone who has benefited mightily from deregulation.
Fascinating article in the August issue of Vanity Fair. Not yet available online.
