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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsInteresting contrast between Obama & Romney
A commentor to the NY Times story
made this remark
Romney has been a smart investor and it doesn't appear that his investments in China have violated any laws or regulations. But he cannot claim that Obama has been soft on China while Romney is deriving substantial financial benefits from investments in China. The trustee of Romney's so-called blind trust isn't independent. He's Romney's lawyer and Bain's lawyer. Romney's investments in China are a matter of public record so Romney cannot claim to know nothing about them.
http://www.nytimes.com/...
http://www.nytimes.com/...
http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html?pagewanted=all#comments
back in July Vanity Fair reported
An Age-Old Ruse
But just how blind are such trusts, anyway? In Romneys case, apparently not quite blinkered enough to keep his trusteewho is also his personal lawyer and longtime friend Bradford Maltfrom investing more than $10 million of Romneys money in an investment fund managed by Romneys son Tagg.
An Age-Old Ruse
But just how blind are such trusts, anyway? In Romneys case, apparently not quite blinkered enough to keep his trusteewho is also his personal lawyer and longtime friend Bradford Maltfrom investing more than $10 million of Romneys money in an investment fund managed by Romneys son Tagg.
Interesting contrast:
As a freshman senator, Barack Obamawhose wealth comes almost entirely from his book royaltiesset up a blind trust but later that same year sold all of his stocks and closed the trust because he decided that even such an arrangement could not protect him from the appearance of a conflict. Most of his wealth is now invested in U.S. Treasury bonds and diversified fundsabout the most transparent option available. Whats good for the country is good for Obama, and vice versa, to coin a phrase.
Glad to see that TM is reporting this - finally.
Glad to see that TM is reporting this - finally.
http://www.vanityfair.com/politics/purdum/2012/07/mitt-romney-age-old-ruse-blind-trust
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Interesting contrast between Obama & Romney (Original Post)
kpete
Oct 2012
OP
ColumbusLib
(158 posts)1. One smart cookie
Obama, always playing the long game! He knew he must avoid even the appearance of impropriety, while Romney could not resist saving every last tax dollar, despite how it would damn him in the end.
Control-Z
(15,682 posts)2. I love this.
Big K&R
Tribalceltic
(1,000 posts)3. Kick
Thank you for keeping it simple