sashamanda Wrote:
Jan 29, 2013 1:04 PM
Really? The justification for LBOs (leveraged buyouts) resides in tax code that favors debt to equity and allows investors to pocket the spread. Romney made his sizeable fortune through LBOs and taxpayer subsidies. He kept/keeps his fortune through tax code devices such as carried interest, special writeoffs (such as a $77,000 write off for a dressage horse) and moving capital offshore. The GOP may call that "free market," but that doesn't make it so.