and thus:

"the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling"

http://en.wikipedia.org/wiki/Blind_trust

That depends on when the money was invested in these countries. You cannot use the Blind Trust excuse if the money was invested before it was actually put into such a trust.

Transactions clauses in the Iran Sanctions Programs went into effect in mid 1995. So if the blind trust made them before then - would he be free and clear on Iran?

China is public opinion - but we have such strict sanctions against Iran . . . he might not have much wiggle room there.

The moral is anyone who nay says any type of Wall St investment had best look in their own back pocket first.

Well, maybe not luckily.

at some point. Romney's investments in China made him millions

Thanks, man.

I had a discussion on another board with someone concerning Romney's blind trust and I pointed out that the Trustee can be told to avoid a list of exceptions and I gave the example of "no investments in tobacco assets, companies doing business with Iran or Swiss bank holdings". So far he is only short on tobacco from hitting the trifecta and my guess is that it is only a matter of time before we learn that he also held stock in the parent of tobacco companies. (To me tobacco is a greater sin than China).

The next thing we need to do is to dig into the background of how these loopholes made their way into legislation that have benefited Romney and his family so hugely. Especially the ones that allowed Romney to only pay 15% on his Bain stuff and to transfer $100 million to each of his 5 sons without any tax consequences. (That's right, the immediate Romney family is worth roughly $750 million with the bulk of that coming from the 15 years Romney was at Bain. $50 million a year isn't too shabby). When only a few hundred people nationally can qualify for these tax provisions one has to wonder how they can get written into law. This scab needs to be ripped off!