Finance

8:55am

Thu January 19, 2012
Politics

Q&A: Why Such A Low Tax Rate For Romney?

Originally published on Thu January 19, 2012 8:16 pm

iStockphoto.com

Mitt Romney's tax returns and the tax rate he paid on his income have been hot issues in the recent Republican primaries.

"What's the effective rate that I've been paying? It's probably closer to the 15 percent rate than anything because my last 10 years, my income comes overwhelmingly from investments," the GOP front-runner recently told reporters.

So why does a multimillionaire pay just 15 percent on his income? After all, the top income tax rate is 35 percent and many middle-class people pay over 20 percent.

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5:28am

Thu January 19, 2012
Business

So, Um, What Is A Private Equity Firm?

Originally published on Thu January 19, 2012 1:57 pm

Before entering politics in the 1990s, Romney co-founded Bain Capital, one of the nation's largest and most profitable private equity funds.
David L. Ryan Boston Globe via Getty Images

In the run-up to Saturday's GOP presidential primary in South Carolina, candidates have clashed over the role of Bain Capital — a firm that either creates or kills jobs, depending upon whom you believe.

Front-runner Mitt Romney sees the bright side. Before entering politics in the 1990s, he co-founded Boston-based Bain Capital, one of the nation's largest and most profitable private equity funds. He has said he created 100,000 jobs while at Bain.

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12:00am

Fri January 13, 2012
Whiteboard Video

Private Equity Explained

Private equity funds are groups of investors that flip companies for a profit. It’s the technique they use that makes them special, as senior producer Paddy Hirsch explains.

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12:01pm

Thu January 5, 2012
The Two-Way

Report: Shortly Before MF Global Collapse, Corzine Was Château Shopping

Originally published on Thu January 5, 2012 12:11 pm

Former MF Global Holdings Ltd. Chairman and Chief Executive Officer Jon Corzine testifies on Capitol Hill in Washington.
Susan Walsh AP

In its February issue, Vanity Fair has a long report on Jon Corzine, the former head of Goldman Sachs and former Democratic governor of New Jersey. Corzine has been in the news lately for his role in MF Global, which last year collapsed spectacularly and left $1.2 billion in client money missing.

The piece talks to friends and former associates of Corzine and paints a picture of a CEO who took great risks and micromanaged.

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11:47am

Thu January 5, 2012
Whiteboard Video

What is Re-hypothecation?

The term Re-hypothecation came up a lot during the MF Global meltdown. It’s quite a common term in the securities market – but what does it mean? Marketplace Money senior producer Paddy Hirsch explains.

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