caymans

Mitt Romney's not the solution. He's the problem.

Mitt Romney accuses President Obama of not talking about the issues, but he has run a a campaign of carpet bombing and tearing down his opponents.

The more everyone finds out about Mitt Romney's finances, the more questions they have. Perhaps that's why he's hiding as much as he thinks he can get away with. Yesterday, The Boston Globe reported that Romney was still running Bain Capital two years after he claims he left the firm, directly contradicting his campaign's denial that he was involved in deals that led to layoffs, bankruptcies, and American jobs getting shipped overseas. Either Romney filed false SEC statements or he's making false statements to the American people now.

Mitt Romney doesn't deny he invested in companies that outsourced jobs to Mexico and China. Doesn't deny that he made a fortune when it happened. Romney only says there's "no evidence" that he was in charge at that point. But newly disclosed documents show Romney was: sole stockholder, CEO, and Chairman, when jobs were shipped overseas. Here's the evidence, Mr. Romney. Your turn to explain.

Why would Mitt Romney invest millions in the Cayman Islands? There's one way to clear up the questions.

Vice President Joe Biden's Remarks at the 2012 National Council of La Raza Annual Conference in Nevada.

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In his remarks to The National Council of La Raza today, Vice President Joe Biden addressed Mitt Romney's refusal to release additional tax returns that could shed light on his offshore accounts and investments in foreign tax havens.

"And this is a man who says President Barack Obama is out of touch. Out of touch with the needs of the American people. This coming from a man who until recently had a Swiss bank account and millions of dollars invested in the Grand Cayman Islands beyond security -- beyond scrutiny. And President Obama is out of touch?

Vice President Biden at La Raza speech excerpt.

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Mitt Romney is defying calls to release more than one year's worth of tax returns. The Romney campaign response? "Just take our word for it." So why is Mitt Romney hiding the rest of his tax returns? How long can Romney keep information on his investments in overseas tax havens secret? And why did he do it in the first place? Time will tell.

Vanity Fair and the Associated Press have reported that Mitt Romney has put huge sums of money into investments in offshore tax havens like the Cayman Islands and Bermuda. Is he avoiding paying U.S. taxes by having money in those tax havens? Was he trying to hedge against the dollar by having a Swiss bank account? We asked some ordinary Americans what they think of Mitt Romney's financial arrangements.