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Gawker Releases Huge Cache of Romney Financial Documents

Thursday, August 23, 2012 15:32

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(Before It's News)

Today, Gawker is releasing a large cache of confidential documents about Mitt Romney’s secret financial dealings: The Bain Files: The Documents.

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.

The Republican Party is not going to like this one bit.