MITT ROMNEY WOULD HAVE LED WRONG: CONTINUED

As we wrote earlier today, "Mitt Romney Would Have Led Wrong." It also came out that Mitt Romney has made a fortune by being a middleman for foreign money in leveraged buyouts in the U.S.

Romney set up a company with numerous shells or P.O. Boxes in offshore tax-havens and banking havens where banking, corporate, and securities regulations and documentation are non-existent or untraceable. That system is designed to launder money to avoid taxes.

Romney's company though puts up a little money and the rest comes from foreigners. Bain Capital then buys out American companies and either turns them around or breaks them up and sells off the piece like parting out a stolen car only it's legal. For this service, Bain makes a huge profit or return on its original investment. Mostly they break up companies, terminating many employees and hurting local communities.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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