excellent article by matt taibbi for rollingstone magazine:
Everyone knows that he is fantastically rich, having scored great success, the legend goes, as a "turnaround specialist," a shrewd financial operator who revived moribund companies as a high-priced consultant for a storied Wall Street private equity firm. But what most voters don't know is the way Mitt Romney actually made his fortune: by borrowing vast sums of money that other people were forced to pay back. This is the plain, stark reality that has somehow eluded America's top political journalists for two consecutive presidential campaigns: Mitt Romney is one of the greatest and most irresponsible debt creators of all time. In the past few decades, in fact, Romney has piled more debt onto more unsuspecting companies, written more gigantic checks that other people have to cover, than perhaps all but a handful of people on planet Earth.after reading the piece one wonders the obvious: why would romney, the presidential candidate & role model for the country, fight for loopholes for the rich while having shelters in switzerland, bermuda, caiman & luxembourg? the answer is as deplorable as it is scary: because he can.