Derby Trail Forums - Breaking: Gawker release hundres of pages of internal Bain documents

Harry Reid's Romney tax accusations:

Gawker releases hundreds of pages of internal Bain documents. Romney lied about when he quit company. Story still developing

Documents here:
http://gawker.com/5933641

Story here:

Quote:

http://gawker.com/5936394/the-bain-f...cayman-schemes

The Bain Files: Inside Mitt Romney’s Tax-Dodging Cayman Schemes

Today, we are publishing more than 950 pages of internal audits, financial statements, and private investor letters for 21 cryptically named entities in which Romney had invested—at minimum—more than $10 million as of 2011 (that number is based on the low end of ranges he has disclosed—the true number is almost certainly significantly higher).

Almost all of them are affiliated with Bain Capital, the secretive private equity firm Romney co-founded in 1984 and ran until his departure in 1999 (or 2002, depending on whom you ask).

Many of them are offshore funds based in the Cayman Islands.

Together, they reveal the mind-numbing, maze-like, and deeply opaque complexity with which Romney has handled his wealth, the exotic tax-avoidance schemes available only to the preposterously wealthy that benefit him, the unlikely (for a right-wing religious Mormon) places that his money has ended up, and the deeply hypocritical distance between his own criticisms of Obama's fiscal approach and his money managers' embrace of those same policies.

They also show that some of the investments that Romney has always described as part of his retirement package at Bain weren't made until years after he left the company.

Here's what we've found so far:

Equity Swaps, AIVs, and Mitt Romney's Other Tax-Dodging Tricks

Mitt Romney's Endless ‘Retirement' Package

How Mitt Romney Puts His Money Where Obama's Mouth Is

Derivatives, Short Sales, and Mitt Romney's Other Exotic Financial Instruments

Mitt Romney Is the National Enquirer's Banker