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GOP VP Finances: From Under Water to Billionaire
15 Jun 2012 EDT - The Associated Press
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When Republican presidential candidate Mitt Romney picks his running mate, odds are he'll select someone with far less wealth than his own. Unless he chooses Meg Whitman , one of the richest women in America.

Romney's latest financial disclosure report, showing a fortune of nearly $250 million, hardly compares to the Hewlett-Packard CEO's $1.4 billion — a figure compiled by Forbes in its list of the richest 400 Americans.

Some of the potential Republican vice presidential nominees are grappling with the same financial issues as many of their countrymen.

— In 2010, Deutsche Bank began foreclosure proceedings against Marco Rubio of Florida while he was successfully running for the Senate. Rubio, who had been the state House speaker, co-owned a Tallahassee home with another state lawmaker and the two failed to pay the full mortgage for five months. Rubio said the missed payments resulted from a dispute over the mortgage terms, and the matter was resolved with a payment of more than $9,500.

Rubio's personal residence in Miami is under water, with his loan amount of $250,001-$500,000 is greater than the home's value, according to spokesman Alex Conant.

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