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We are back on "politics nation" with a game of name that instrument. can you guess what it is? ♪ if you guessed steel drums, you are right. the music of the islands. the music of places like bermuda. what a beautiful island. it is known for its breathtaking white sand beaches and bermuda shorts. lots of bermuda shorts. in a variety of colors. who hasn't heard of the bermuda triangle? movies have been made about the ships and planes that mysterious livan i shalled there over the years. turns out that there's something else that's mysterious livan i shalling. the details surrounding aber maud...

It is all very mysterious now. there's a lot of -- smoke and mitt romney says there were no taxes avoided, no illegal use of this at all. and you know, probably that's true. he has been a very careful guy his whole life. there just isn't way to know as long as he doesn't release any tax records and release any further information on it. >> you know, but -- but, rebecca, i think what's not careful, if you know you are running for president, you have been dreaming and -- of this for years, running for years, you own a company in bermuda. and then you won't even answer questions are be transparen...

Behalf of bain capital. so even if he and his partners at bain aren't using those entities to evade tax, they make it really easy for their investors to evade tax. that is facilitating tax evasion and find it shocking he thinks that's okay. >> so the reason that you go to the cayman islands in bermuda and the reason that some of the clients if not bain itself is to deal with tax havens and avoid taxes here in the united states where you are running for president. >> right. here in the united states or around the world. the funds probably have investors from all over the world from the united k...

It was unknown for about a decade he even still owned this thing. so it is difficult to see how things aren't heading the same way right now. democrats really succeeded in highlighting a lot of the questions and issues that i think a lot ichd analysts confirm are legitimate and serious and probably merit quite a bit more documentation for mitt romney. >> rebecca, there is clearly the investments and business done by bain under willard mitt romney in the cayman islands and bermuda. what is the cayman islands sandwich? >> well, it is -- very sophisticated tax planning technique that involves avo...

Later, it was transferred into a blind trust owned by romney's wife one day before he was sworn in as governor. sure doesn't look like romney doesn't know anything about that could. but the fact remains that he owns a bermuda company. did you ever think we would have a presidential candidate who owns a bermuda company? well, we do. only he doesn't know anything about it. sort of seeks are were you is weird. it is exactly what vice president biden was talking about today when he hit mr. romney for not releasing his tax returns. >> when his father was a candidate for president in 1968, his fathe...