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nc4bo

(17,651 posts)
Mon Oct 22, 2012, 07:32 PM Oct 2012

Five startling facts about Mitt's investments - Salon article dated 10/20/2012

http://www.salon.com/2012/10/20/five_startling_facts_about_mitts_shady_investments/


His trust “also invested in derivative securities linked to the Japanese stock market and to an index that includes stocks in every major country except the United States. It invested in a derivative that would profit if the dollar fell against a group of foreign currencies,” according to the Times.

While he calls Russia our “number one geostrategic foe,” he also invested in the politically influential Russian state oil company, Gazprom. Gazprom is one of Russia’s “national champion” companies, which are expected not only to turn a profit but also to advance the country’s national interests. It has long been seen as Vladimir Putin’s “premier instrument of power,” according to Foreign Affairs.

Andrew Kaczynski at Buzzfeed reported that while “Romney has often used Chinese piracy and intellectual property theft as an issue while attacking President Obama on China,” he had invested in “Youku, a Chinese version of YouTube” that “became a haven for downloading illegal American content.” He also invested in a Bain fund with a major stake in GOME, a Chinese electronics company that, according to the Boston Globe, “is being sued by Microsoft Corp. for selling computers with pirated versions of its Windows and Office software.”

A Bain Capital fund in which Romney was invested also stood to gain from Chinese political suppression. According to the New York Times, Bain “purchased the video surveillance division of a Chinese company that claims to be the largest supplier to the government’s Safe Cities program, a highly advanced monitoring system that allows the authorities to watch over university campuses, hospitals, mosques and movie theaters from centralized command posts.” The firm’s “previous projects have included an emergency command center in Tibet that ‘provides a solid foundation for the maintenance of social stability and the protection of people’s peaceful life,’” according to the company’s website.


More juicy tidbits at the link.

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Five startling facts about Mitt's investments - Salon article dated 10/20/2012 (Original Post) nc4bo Oct 2012 OP
Willard is king of the shit pile Angry Dragon Oct 2012 #1
Yes he absolutely is. nm nc4bo Oct 2012 #2
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