On July 19, 2012, Joseph Tanfani, Melanie Mason, and Matea Gold write in the Los Angeles Times that Romney’s firm raised more than a third of its first investment fund from wealthy foreigners who mostly used companies in Panama, then known for tax advantages and banking secrecy.
This article is an example of “hoggist” capitalists multiplying their profits through secret party investment finance, while excluding ownership opportunities for ordinary Americans and workers of companies they sought to profit from.
http://www.latimes.com/news/nationworld/nation/la-na-bain-creation-20120719,0,192124.story
