New York's Democratic Attorney General Eric T. Schneiderman is investigating private equity firms on tax abuse, including Mitt Romney's former firm Bain Capital. Schneiderman has ties to President Obama's administration.
Is this leading to some sort of "October Surprise" to play on voters' concerns about Romney's own personal taxes and private equity's in general?
Among the firms to receive subpoenas are Kohlberg Kravis Roberts & Company, TPG Capital, Sun Capital Partners, Apollo Global Management, Silver Lake Partners and Bain Capital, which was founded by Mitt Romney, the Republican nominee for president. Representatives for the firms declined to comment on the inquiry.