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View Diary: Open thread for night owls: Five questions (plus one) for the Obama-Romney debates (125 comments)

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  •  Willard doesn't trade anything, he creates capital (0+ / 0-)

    First of all, he;s not going to explain anything to anybody. He'll repeat his "everything is legal" crap and disparage the questioner just like he always does. He isn't required to release any details about his IRA, either. Just the bottom line on the income tax record.

    His financial disclosure reports, required by the FEC I think, might list investemtns that happen to be in his IRA, but they won't be identified as IRA investments.

    It's important to understand that Willard's financial world is way. way. way, beyond anything that you and I are familiar with. Willard creates markets and capital. He doesn't need to trade stocks and bonds. He buys and sells equity and operates at the level of mergers and acquisitions. He makes the capital market and buys and sells everything privately.

    Insider trading is meaningless in the private markets. Insider trading regulations apply only to publicly traded financial instruments.

    I'd bet that his IRA holds only private investments in financial assets where he is the sole owner. And these are private and won't ever be disclosed to anyone, ever.

    Even if the IRS has audited some of his stuff, they aren't going to disclose anything to anyone. Congress can't even get these private records using subpoena power. Obviously, Congress would abuse such powers.

    Willard should explain something to:"those people" ? Not. Going. To. Happen.

    But he will say that he hasn't done anything illegal (probably projection and a lie), and then disparage you.

    The better question is "What are you hiding? Show your tax records." The IRA question is relatively trivial.

    "Never wrestle with a pig: you get dirty and the pig enjoys it"

    by GrumpyOldGeek on Wed Aug 15, 2012 at 05:20:38 AM PDT

    [ Parent ]

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