General Discussion

Spazito

(55,655 posts)

16. One of those shell companies may well have been the one in Bermuda...

Tue Jul 10, 2012, 09:01 PM

Jul 2012

Sankaty High Yield Asset Investors, Ltd. One of the programs on MSNBC this afternoon pointed out that on Ann Romney's disclosure (remember, Mitt transferred HIS shares to her ONE day before his swearing in as Governor hence it would be her responsibility to report), this company was valued at only $10,000.00 and a guest pointed out it could be being used as a 'flow-through' account which, to me, is very much a shell company. Many millions could flow through it and the value, for reporting purposes, could be stated as being worth $10,000.00. It was an eye-opening discussion. I think it may have been on Hardball but am not totally sure.

Welcome to DU and thanks for bringing this aspect to our attention, it is a very interesting one.

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Mitt Romney's Refusal to Release More Tax Returns [View all] Dalai_1 Jul 2012 OP

Because malaise Jul 2012 #1

Show me a man who is hiding something Motown_Johnny Jul 2012 #15

Who writes this guys stuff? rufus dog Jul 2012 #2

Whaddya mean? You think Biden's a clown? You don't want to see Rmoney's returns? panader0 Jul 2012 #8

That was a classic comedic slam rufus dog Jul 2012 #11

Sorry, I guess I'm getting old. panader0 Jul 2012 #12

Lawrence O'Donnell used the line as his 'line of the day' rufus dog Jul 2012 #17

Offshore Tax Haven Deepunder Jul 2012 #3

Not only possible, it's a virtual certainty tkmorris Jul 2012 #10

Welcome to DU, and By George I think he's got it! That is very likely. nt MADem Jul 2012 #13

Welcome to DU! Promising 1st post longship Jul 2012 #14

One of those shell companies may well have been the one in Bermuda... Spazito Jul 2012 #16

Like a good novel Jessy169 Jul 2012 #19

not me handmade34 Jul 2012 #22

thanks for bringing attn handmade34 Jul 2012 #20

DU Rec N/T GopperStopper2680 Jul 2012 #4

It all got swallowed up in the Bermuda tringle aint_no_life_nowhere Jul 2012 #5

ya know I bet that's what we end up being told to believe. turtlerescue1 Jul 2012 #21

lame babsbunny Jul 2012 #6

WTF? DevonRex Jul 2012 #7

Romney or Joe? Care to clarify? 11 Bravo Jul 2012 #9

hit and run uponit7771 Jul 2012 #18

Even if taxes are not an issue... moondust Jul 2012 #23