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The Emerging Theory on Mitt's Taxes: It's 2009

07.18.12 11:34 AM ET

Some observers are starting to zero in on 2009 as Romney's problem year, a year in which he may have done a couple of different things.

Matt Yglesias's theory posited in Slate is that Romney was forced, under threat of prosecution, to shut down a secret Swiss bank account that year. Switzerland's largest bank cracked down on secret accounts, and the IRS followed suit, although it allowed holders of such accounts to avoid prosecution by coming clean on their tax-free accounts and paying what they owed.

Josh Green of Bloomberg BusinessWeek speculates that Romney took a big hit in financial meltdown of 2008, maybe a large-enough hit that his losses left him paying no tax forMatch Feed

Q4 28:05

The siren has sounded to end Q4.

Q4 28:05

I don't have enough characters to mention all the Bulldogs players who played well. But the Bulldogs were all over a spiritless Essendon today, and the 87 point margin does not even reflect their dominance across the ground.

Q4 28:05

Every Bulldog chipped in. Hunter had 37 disposals, Crameri outscored the Bombers with seven goals, Stringer went close as well with four goals and Johannisen had a handy game with 26 disposals and a goal.

Q4 28:05

Gwilt worked hard in the backline, Merrett picked up 31 disposals, Heppell kept on trying and Stanton was okay with 34 diposals. That's about it for the Bombers.

Q4 26:01

BEHINDBombers (Rushed)

Q4 24:24

The Bulldogs are giving the Bombers an absolute rinsing here. They have looked a class above.