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Old 09-01-2012, 05:53 PM
 
Location: Texas
14,076 posts, read 20,530,289 times
Reputation: 7807

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Several of the largest private equity firms, including Bain Capital, are being investigated by the New York Attorney General to determine ..."whether they converted certain management fees collected from their investors into fund investments, which are taxed at a far lower rate than ordinary income..."

Naturally, the GOP is hollering "Foul!"


http://www.nytimes.com/2012/09/02/bu...ml?_r=1&emc=na
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Old 09-01-2012, 06:03 PM
 
48,502 posts, read 96,856,573 times
Reputation: 18304
Well the new york attorney generals offfice is know for its plitcal motivate investiagtion. look at the Switzer years;one actaully went to court and he losss that case. They famously harrass untiol they plea to save the reputatio of their firm.So much for justice.
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Old 09-01-2012, 06:19 PM
 
Location: Sarasota FL
6,864 posts, read 12,078,177 times
Reputation: 6744
Bain Capital Managing Director and CEO Johnathan Lavine is an Obama bundler and has contributed $1,107,100 to the re-elect Obama campaign.
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Old 09-01-2012, 06:43 PM
 
79,907 posts, read 44,199,011 times
Reputation: 17209
Another example where the government will ask for just a little taste and be done with it.
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