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NY Probing Equity Firms, Including Bain: Source

Sunday, September 02, 2012

An official familiar with the probe says New York's attorney general is investigating some of the nation's largest private equity firms, including Bain Capital, founded by Republican presidential nominee Mitt Romney.

The official spoke on the condition of anonymity because of the sensitivity of the probe. It is examining whether the firms used a tax strategy to avoid paying hundreds of millions of dollars in taxes. The practice involved converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.

The New York Times first reported the investigation of more than a dozen firms. Tax experts tell the Times they have differing views about the strategy's legality.

Though Romney collects benefits as a Bain retired partner, the inquiry isn't focused on the time he ran Bain.

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Comments [1]

Steven Janiszewski from Arvada, Colorado

Mitt "Cyborg" Romney is a self-righteous predator, a supercilious liar, and a klutz. He is worse than his record at Bain, his running the S.LC. Winter Olympics, and his tax returns can reveal. As a Mormon, Romney worships Mammon. He doesn't care about anything else. If elected, he would dismantle the federal government and restructure (destroy) the economy. His kleptocratic administration would make his exploits at Bain look like acts of compassion.

To gain an existential understanding of the cult that produced Mitt "Cyborg" Romney, and to get your socks scared off, read The Assassination of Spiro Agnew, available at:

www.amazon.com/Assassination-Spiro-Agnew-novel-ebook/dp/B0083EGJXC

Its unwilling, part-Mexican Mormon assassin dramatizes the Mormon superiority complex, manifesting it as racism, sexism, jingoism and an anti-federal government temperament. His research in the new library reveals ominous similarities between Islam and Mormonism. The spiritual power behind the cult, which is not the Holy Ghost, acts out.

“With a clarity of language and vision unsurpassed in contemporary American prose, Steven Janiszewski's Assassination of Spiro Agnew takes us into a U.S. mazed with madness and Mormonism and all things Utah, a U.S. that was then and still is. Do we need a novel, even as brilliant as this one, about a young man on a divine mission to assassinate the Vice President because he is too liberal? Yes, now more than ever. Readers, welcome to a masterpiece.”
Tom Whalen
www.tomwhalen.com

Read The Assassination of Spiro Agnew.
Word has it that David Axelrod enjoyed its post-modern style as much as he relished being abhorred by the Mormon experience.

Sep. 02 2012 07:15 PM

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