http://crooksandliars.com/karoli/mitt-romney-entwined-stanford-ponzi-scheme
"Mitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary."

the kind of speculative financial gaming of the economy that has led America into the state of financial insanity that it's in today. His connection to a Ponzi scheme shouldn't be surprising. Ponzi schemes attract Mormons like rotten fruit attracts flies.

I recall that one of the things Mitt is very skilled at is setting up shell corporations to helps companies hide debt and avoid taxes.

Interesting allegation, helemon. As corporations are, by definition, a matter of public record, perhaps you could provide specific examples of entities Elder Mitt set up as " shell corporations to helps [sic] companies hide debt and avoid taxes."

http://economyincrisis.org/content/romney-benefited-offshore-tax-havens

"The company he founded, Bain Capital, regularly rerouted investments through Bermuda and the Cayman Islands so that investors could avoid the 35 percent tax rate in the U.S.

In 2006, the investment paid him over $1 million, just a sliver of his $250 million fortune.

Both the arrangements are through P.O. boxes on the islands. Neither has any offices or staff overseas.

Romney staffers claim that he has done nothing wrong by utilizing the tax loopholes, pointing out that they are perfectly legal. "

http://www.financialtaskforce.org/2011/08/05/anonymous-owners-of-u-s-shell-companies-now-funding-politics/

"Today, NBC News reports that a Delaware company made a $1 million contribution to a PAC supporting Mitt Romney about six weeks after it was formed, and then dissolved two months later."

But shell companies are used by companies, like Enron, to hide debt.

My limited experience is that on the surface these corporations appear to be law abiding even if they are here today and gone tomorrow. The laws are a little suspect though and when an entire corporation has nothing but a PO box... well then.

My further experience has shown that there are experts who can move money around like the old trick of putting a ball under one of three cups,moving them around, and no matter how closely you watch, the ball is never under the cup you thought, and generally isn't under any by the end. It's usually up the sleeve by then.

And my money is not on the people trying to keep their eye on the ball.

That's the way the masters work. Is Mitt one of the master's?
Time will tell, maybe.

http://www.democracynow.org/2011/4/15/offshore_banking_and_tax_havens_have

"Los Angeles Times reporter Bob Drogin spoke to us about this in 2008.

BOB DROGIN: A side light of that was Bain Capital, which today has assets of about $60 billion — that’s their — the number that they officially say — and about a third of that comes from these offshore operations that Romney set up when he was still there, in particular, companies that are set up — really, they’re just mail drops, they’re mailboxes; they don’t have any staff, they don’t have any operations. The one on Grand Cayman Island is a Post Office Box 60D, I think, on Grand Cayman Island, and the ones in Bermuda are also at a lawyer’s office. But they’ve got them in other places as well. And they bring in somewhere above $25 billion a year.

And again, it’s — these are companies — these are operations set up through various systems. They’re blocker corporations. They are investment — or rather, equity groups that are set up to attract, for the large part, foreign capital. And the reason these are set up overseas is so that foreign investors in these private companies can avoid paying U.S. taxes. Mitt Romney and his colleagues don’t get that advantage. So it’s not like they’re avoiding taxes through this. It’s simply — what happens is, they’re helping other people avoid paying U.S. taxes, and as a result they make enormous profits."

Mitt Romney is a brave Christian, er, Mormon warrior against the adversary. Now of course the adversary is poverty. The poor are bad people who deserve to be penniless. I've only met one rich man in my life, and he was all for Ronald Reagan. He told me how bad welfare was for the country, though he didn't know anyone who received state services. He'd never worked a day in his life, because work is for lowly and bad people.

Roanald Ray-gun has the answer. Taser and pepper spray the poor. They forget their place.

Corporations--even tax dodging ones--are persons too!
O. Mitt Romney

Edited 1 time(s). Last edit at 11/02/2011 12:50AM by Dave the Atheist.

Just waiting for the middle and low-income Republican/Christian masses to come to his defense. "Free-market, free-market!"