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NRaleighLiberal

(60,015 posts)
Sat Jul 14, 2012, 04:03 PM Jul 2012

Good article describing RMoney's "financial tricks"

Here's One Of The Clever Financial Tricks Mitt Romney Used To Become Dynastically Rich

http://www.businessinsider.com/heres-one-of-the-clever-financial-tricks-that-mitt-romney-used-to-become-dynastically-rich-2012-7?utm_source=twbutton&utm_medium=social&utm_campaign=politics

by Henry Blodget

"While the world waits for Mitt Romney to stop being the only Presidential candidate in several decades to keep his tax returns secret, we're left to try to solve the Romney money mysteries with the information we have.

One of those mysteries is how Romney accumulated $21-$102 million in his Individual Retirement Account.

Yesterday, we speculated that part of the reason might be that Romney remained the "sole shareholder" of Bain Capital more than 15 years after the firm was founded--an ownership stake that would presumably have been worth a boatload of dough.

Importantly, if this stake did contribute to Romney's wealth explosion, he would have made the money in a way that most people will quickly understand and respect: Specifically, by founding and building a company that ended up being worth a lot."

___snip_____

read it....and shake your head.


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