Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘secrecy’

Mitt Romney demonstrates more hypocrisy, required Paul Ryan show several years tax returns

Posted by Warm Southern Breeze on Sunday, August 12, 2012

What’s that smell?

Oh… never mind.

It’s the hypocrisy cooking.

Paul Ryan gave Romney camp several years of tax returns

1:26pm EDT
Republican presidential candidate Romney listens to his vice president elect Ryan speak at a campaign event in Mooresville

Republican presidential candidate Mitt Romney (R) listens to his vice president selection, U.S. Congressman Paul Ryan (R-WI) speak at a campaign event at the NASCAR Technical Institute in Mooresville, North Carolina August 12, 2012. REUTERS/Shannon Stapleton

WASHINGTON (Reuters) – Mitt Romney released two years of his own tax returns to the public but that didn’t appear to be enough when he vetted running-mate Paul Ryan and other vice presidential candidates.

The campaign team for Romney, the Republican presidential candidate, reviewed several years of tax returns from Ryan and other, according to the head of Romney’s VP search process Beth Myers.

But Romney – a former private equity executive with an estimated net worth of up to $250 million – has refused to Read the rest of this entry »

Advertisements

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Secret Swiss Bank accounts, Cayman Island Bank accounts, Bermuda Tax Haven Bank accounts… what does Mitt Romney have to hide?

Posted by Warm Southern Breeze on Sunday, July 15, 2012

What does Mitt Romney have to hide?

Why won’t he live up to his late father’s example, and voluntarily and openly reveal all his tax records?

Where the Money Lives

August 2012, 2012-08-08 T11:00:24.000-04:00

By Nicholas Shaxson

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.

Mitt Romney Cayman Islands banking

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. ©Ruth Tomlinson/Robert Harding World Imagery/Corbis (beach); by Justin Sullivan/Getty images (inset).

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.

“It was a strange atmosphere. It did leave a bad taste in your mouth,” the former employee recalls.

This unsettling account suggests the young Romney—at that point only two years out of Harvard Business School—was willing to push into gray areas when it came to business. More than three dec­ades later, as he tried to Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

What does Mitt Romney have to hide?

Posted by Warm Southern Breeze on Thursday, April 5, 2012

Mitt Romney provided 23 years of tax returns to the John McCain camp when the Arizona senator was considering potential running mates for the 2008 Presidential election.

Now, he’s balking at providing those same documents to Americans whom he is asking to support him.

Why?

Mitt Romney, Mr. 1% - Cartoon

Mitt Romney, Mr. 1% - Cartoon (Photo credit: DonkeyHotey)

Romney using ethics exception to limit disclosure of Bain holdings

By , Thursday, April 5, 1:10 PM

Republican presidential front-runner Mitt Romney, whose wealth has become a central issue in the 2012 campaign, has taken advantage of an obscure exception in federal ethics laws to avoid disclosing the nature and extent of his holdings.

By offering a limited description of his assets, Romney has made it difficult to know precisely where his money is invested, whether it is offshore or in controversial companies, or whether those holdings could affect his policies or present any conflicts of interest.

In 48 accounts from Bain Capital, the private equity firm he founded in Boston, Romney declined on his financial disclosure forms to identify the underlying assets, including his holdings in a company that moved U.S. jobs to China and a California firm once owned by Bain that filed for bankruptcy years ago and laid off more than 1,000 workers.

Those are known only because Bain publicly disclosed them in government filings and on the Internet. But most of the underlying assets — the specific investments of Bain funds— are not known because Romney is covered by a confidentiality agreement with the company.

Several of Romney’s assets — including a large family trust valued at roughly $100 million, nine overseas holdings and 12 partnership interests— were not named initially on his disclosure forms, emerging months later when he agreed to release his tax returns.

There is no indication that Romney is violating any rules, and his advisers note that his reports have been certified by the Office of Government Ethics, which reviews the disclosures required of presidential candidates.

Romney spokeswoman Andrea Saul said Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
%d bloggers like this: