Tuesday, August 28, 2012

The Bain Files: The Documents

The Bain Files: The Documents

Aug 23, 2012 12:00 PM 254,277 0
Gawker has obtained a large cache of confidential internal financial documents from more than 20 secretive hedge funds and other investment vehicles in which Mitt Romney has stashed his considerable wealth. All told, the partnerships and limited liability corporations detailed below accounted for, at minimum, $10,069,000 of Romney's assets in 2011 and yielded $913,300 in income, according to his 2012 financial disclosure (those figures are derived from adding up the low end of ranges Romney disclosed; the actual numbers could be astronomically higher).
Most of the entities are affiliated in one way or another with Bain Capital, the private equity firm Romney ran from 1984 through 1999. According to his financial disclosures, the investments "were made pursuant to an agreement with Bain Capital regarding Romney's retirement.... The agreement has expired but [Romney] retain[s] certain investments...made prior to the expiration of the agreement." In other words, they are his retirement package from more than a decade ago, and continue to make him nearly a million (at minimum) dollars per year.
For a look at what we've been able to glean thus far from the documents—including Romney's unlikely relationship with the National Enquirer and how his money managers praised the economic stimulus he publicly derided—go here. But by all means peruse the documents yourself and lend your expertise to what they mean in the discussion.
All of the documents linked below are also available in a searchable format here,

The Bain Companies

All the entities below are affiliated in some way with Bain Capital, and are described in Romney's disclosures as leftovers from his 1999 retirement package.