It would be a very different world if you or I could borrow money, put a big chunk of what we borrowed in an bank account in the Cayman Islands or Switzerland, and then stick someone else with the debt. That's what Mitt Romney did.
You see, Bain Capital was a mechanism for Romney to make himself and his "NASCAR team owning" buddies and the tax dodgers he advised very, very rich. The essence of the Bain Scheme was to borrow a lot of money to buy a company, saddle the company with the debt while paying himself big fees and then walk away.
Here is a wonderful analysis of this "business" plan. Thank god most of his investments missed Oregon, though Bain is investing in hospitals and Romney still gets money from Bain.
Sometimes things worked out, like the company Staples. Sometimes what happened is a lot of American workers lost their jobs and the companies went bankrupt.
While Romney raked in a cool quarter billion dollars. And it is likely he raked in a lot of money from Goldman Sachs and others that were getting bailed out by our tax dollars. A transfer from Main Street to Wall Street to Bain Street!
We don't know. Romney is hiding that information. Why? Because there is something to hide.
Does anyone, anyone, really think this man of piercing ambition, who has and will say anything to anybody to get elected, would not release his tax returns if they validated his argument that he should be president?
Not bloody likely.