Professor Edward Kleinbard explains to Jennifer Granholm how Romney could have a massive IRA: He may have generated a return of 30 percent a year to reach $100 million. Or — in a possibility Kleinbard calls “troubling” — Romney may have rigged the system. “Complete disclosure would clarify it,” Kleinbard says. One possibility is that Romney put the money into funds he controlled, then sold them at prices he set. “The question is, did he set the prices at an honest, fair market value? Or did he lowball the prices?” Kleinbard asks, then calls for disclosure, which he previously referred to as disinfectant: “What’s very frustrating to me about all this is that we can only talk in abstractions and generalities because, again, of the lack of disclosure.”
