To: bentway who wrote (660750 ) 7/4/2012 3:10:05 AM From: i-node 2 Recommendations Read Replies (2) | Respond to Mitt has an IRA account with $102 million in assets—even though, over the 15 years he contributed to it, he should only have been able to contribute $30,000 a year. One possible explanation: He might have loaded it with staggeringly undervalued stock in Bain companies, which could then grow tax-free. Romney's hedge fund investments are a complete mystery, because he claims the funds won't tell him about the underlying assets. Coincidentally, many were set up in the Cayman Islands, where divulging such info is illegal. The Romneys continue to earn millions in carried interest from Bain for "performing services," which critics say is a "perversion of the law," given that Romney left Bain a decade ago. There's also a Bermuda-based company wholly owned by Romney himself that he neglected to mention in several financial disclosures and tax returns. Its value is a mystery, too, so "it is possible Romney's wealth is even greate than previous estimates."For the full article, click here, and for more on his financial disclosures, click here.
