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Romney also has a big fund advantage, having taken in $25m in the last quarter, easily outstripping his rivals.
His leveraged flagship fund, Advantage Plus, was down by 31% for the year on August 5th, and has probably sunk further since, says a disgruntled investor.
Since the July low, the foreign fund advantage over the domestic market has lessened.
Paulson's fund, Advantage Plus LP, went up 37.8percentt in 2008, according to Paulson's year-end letter to shareholders.
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But recent studies suggest that that funding advantage has nearly disappeared.
A recent Fed study put big banks' funding advantage at more than 30 basis points.
In other words, the funding advantage of global megabanks is going to be reduced, one way or another.
This gives Germany's mortgage banks a huge funding advantage: as much as 15 basis points compared with European rivals.
There is a growing chorus of Wall Street "deniers," claiming that big banks do not actually receive any funding advantage.
"However, some submissions argue that large banks also benefit from a funding advantage because they are perceived as being too big to fail," it said.
"Banamex gains the Citigroup's funding advantage and wide product mix, and Citigroup gains a dominant position in a fertile banking market".
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