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Tuesday, May 01, 2012

Crony Capitalism

Things white guys say...


Ties to Romney ’08 Helped Fuel Equity Firm - NYTimes.com:

"The Romneys’ $10 million investment in Solamere came through Ann Romney’s blind trust, which was set up when Mr. Romney became governor.

Brad Malt, a Boston lawyer who administers the trust, said he invested in Solamere without consulting Mitt Romney. Mr. Malt said he liked Solamere’s diversified approach and while he could have invested in more-established funds, his decision came down to knowing the founders. “I had confidence in their talents, integrity and intellect,” he said."

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