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In reply to the discussion: Romney defends Swiss bank account [View all]rfranklin
(13,200 posts)47. HIs personal lawyer is in charge of his "blind trust..."
Unless he needs glasses, he can see exactly what's going on there.
To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as a Bermuda corporation wholly owned by W. Mitt Romney. It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wifes newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusettss governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romneys personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an excepted investment fund that would not need to be on his disclosure forms.
http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts
To give but one example, there is a Bermuda-based entity called Sankaty High Yield Asset Investors Ltd., which has been described in securities filings as a Bermuda corporation wholly owned by W. Mitt Romney. It could be that Sankaty is an old vehicle with little importance, but Romney appears to have treated it rather carefully. He set it up in 1997, then transferred it to his wifes newly created blind trust on January 1, 2003, the day before he was inaugurated as Massachusettss governor. The director and president of this entity is R. Bradford Malt, the trustee of the blind trust and Romneys personal lawyer. Romney failed to list this entity on several financial disclosures, even though such a closely held entity would not qualify as an excepted investment fund that would not need to be on his disclosure forms.
http://www.vanityfair.com/politics/2012/08/investigating-mitt-romney-offshore-accounts
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skippy, all that would be well and good...if we could just see the proof of what you speak.
pepperbear
Aug 2012
#1
Why put your money in Swiss bank accounts then? Does he know something about US banks that
nanabugg
Aug 2012
#53
Yeah but......did he take the amnesty??? Of course he didn't get a tax benefit NOW if he took
cbdo2007
Aug 2012
#5
When the HELL is he going to be asked that question - point blank?
aint_no_life_nowhere
Aug 2012
#30
Unless they're waiting to bring it up closer to the election....the bigger the media builds you up,
cbdo2007
Aug 2012
#56
lol! no reduction from HAVING an account there! it's earning money IN the account that saves!
unblock
Aug 2012
#6
Hey Willard rat - Swiss and Cayman banks do not lend to American businesses
xtraxritical
Aug 2012
#9
thanks for the link... i couldnt find it anywhere, than I saw you had it - Thanks!
trailmonkee
Aug 2012
#13
Yes. Keep talking about your massive wealth. I dare you to work the words 'car elevator'...
onehandle
Aug 2012
#14
No "special" tax savings? Did that word jump out and bite anyone else in the ass?
MADem
Aug 2012
#18
Let's find out what someone who knows something about blind trusts has to say about them...
Big Orange Jeff
Aug 2012
#35
Did the person that he told this to--ASK ABOUT THE SWISS BANK ACCOUNT TAX AMNESTY?
swayne
Aug 2012
#25
BS. Then WHY would you put your money overseas? And put things in your wife's name???
progressivebydesign
Aug 2012
#26
"by virtue of disclosing all these things" --what things are disclosed? Only what's been leaked
wordpix
Aug 2012
#28
he thinks he is going to do us all a favor by educating us in the ways of 'high finance'...
trailmonkee
Aug 2012
#59
Mitt if you love America so much why won't you invest your money in America instead of stashing it
kimbutgar
Aug 2012
#50
Is he the first person running for President to admit to having a Swiss bank account?
sarcasmo
Aug 2012
#67
Un. F'n. Believable. Like, 50% of children in this country are living in POVERTY,
november3rd
Aug 2012
#70