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Romney revising disclosures for overseas accounts
MSNBC ^ | 1/26/2012 | Michael Isikoff

Posted on 01/26/2012 1:32:26 PM PST by TSgt

Mitt Romney could face new questions about his overseas investments after a campaign official acknowledged to NBC News that his campaign is revising his financial disclosure forms to report more than a half dozen offshore holdings, including income from a multi-million dollar Swiss bank account that was not disclosed last year.

The tax returns released by the Romney campaign this week showed that the Ann Romney Blind Trust had reported $1,783 in interest income from a bank account held at UBS in Switzerland in 2010. But the Swiss bank account -- as well as other offshore investments in the Cayman Islands, Bermudas and Ireland that appear in the trust fund's tax returns -- were not disclosed in Romney’s financial disclosure form filed with the Office of Government Ethics last August.

(Excerpt) Read more at firstread.msnbc.msn.com ...


TOPICS: Breaking News; Constitution/Conservatism; Crime/Corruption; Politics/Elections; US: Florida
KEYWORDS: corruption; elections; elitist; florida; lyingsos; moneylaunderer; phony; rino; romney; romneytruthfile; taxcheat; teapartyrebellion

1 posted on 01/26/2012 1:32:29 PM PST by TSgt
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To: TSgt

Oh noez


2 posted on 01/26/2012 1:39:19 PM PST by Tennessee Nana
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To: TSgt; onyx; trisham; TheOldLady; DJ MacWoW; JoeProBono; RedMDer; musicman; Lady Jag; MEG33; ...

Mitt Romney is one filthy lying corrupt SOS!!

FUMR!!

Cheating SOB!!


3 posted on 01/26/2012 1:41:00 PM PST by Jim Robinson (Rebellion is not just brewing, rebellion is here!!)
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To: TSgt

PLEASE DONATE TODAY


4 posted on 01/26/2012 1:41:13 PM PST by JoeProBono (Mater tua caligas gerit- A closed mouth gathers no feet -)
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To: TSgt

The country is going to hell. I don’t care about anyone’s offshore accounts, tax returns, or marriages. We need to kick the snot out of Obama in November and start cleaning up the swamp. Eight years of Obama is the end of liberty.


5 posted on 01/26/2012 1:41:31 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: TSgt

This will be the top headline on Drudge in a second for sure....

Oh, wait, sorry, I thought it said “Gingrich revising disclosures...”


6 posted on 01/26/2012 1:42:04 PM PST by Thane_Banquo
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To: TSgt

This’ll go into the media’s back pocket to be whipped out the day after Myth wins the nomination.


7 posted on 01/26/2012 1:43:17 PM PST by skeeter
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To: Thane_Banquo

8 posted on 01/26/2012 1:44:02 PM PST by jimbo123
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To: TSgt

Despicable, lying hypocrite.


9 posted on 01/26/2012 1:44:08 PM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: TSgt

Mitt Romney’s Blind Trust Not So Blind:

http://m.yahoo.com/w/news_america/mitt-romneys-blind-trust-not-blind-140241848.html?orig_host_hdr=news.yahoo.com&.intl=us&.lang=en-us

Excerpt:

When Mitt Romney faced questions on the campaign trail four years ago about investments in firms engaged in embryonic stem cell research, the presidential candidate had a ready explanation — he was unaware because his vast financial portfolio was under the control of an independent trustee. Last week, Romney’s campaign pulled out the same explanation when ABC News sought details about the candidate’s holdings in the Cayman Islands, a notorious offshore tax haven.
“We remind you that Gov. Romney does not choose anything; these are BLIND TRUSTS,” a campaign official wrote in an email.

But government ethics experts and election lawyers told ABC News that Romney’s trust might not be quite as blind as he has long maintained. That’s because Romney placed his quarter-billion dollar family fortune in the hands of his personal lawyer and longtime associate Bradford Malt.

Federal officeholders are required to either fully disclose all their financial holdings and any possible conflicts of interest, or place their holdings in a blind trust. Robert Kelner, a Republican election lawyer in Washington, D.C. with no ties to a current presidential campaign, explained the federal rules governing those blind trusts. “The Office of Government Ethics requires that a financial institution be appointed as the trustee and that the financial institution not be controlled by or have done business with the candidate,” said Kelner. “It would preclude you from hiring your favorite lawyer as the trustee.”

Romney was himself once skeptical of the notion that a politician could use a blind trust to preempt inevitable questions about his investment choices and potential conflicts. When he ran against Sen. Edward Kennedy in 1994, Romney spoke critically of Kennedy’s claim that he had no control over his investments. “The blind trust is an age-old ruse,” Romney told the Boston Globe at the time. But in 2003, as he prepared to take office as governor of Massachusetts, Romney placed his family’s funds in his own blind trust to avoid whatever accusations could surface.

Romney’s aides have referred to the blind trust in fending off political attacks about his investments ever since. In 2007, his GOP primary opponents took aim at several of his investments, including a stake in a firm that did business with Iran, shares of a Chinese oil company, and an interest in a company that engaged in embryonic stem cell research. Romney responded by announcing that Malt would take greater pains to insure Romney’s investments would not conflict with his political views.


10 posted on 01/26/2012 1:44:30 PM PST by Jim Robinson (Rebellion is not just brewing, rebellion is here!!)
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To: TSgt
Hey Mitt, how's the media treating you now, now that you bashed Newt for them?
11 posted on 01/26/2012 1:46:04 PM PST by tobyhill (Obama, The Biggest Thief In American History)
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To: TSgt
He has so much money he can't keep track of it all. My husband and I feel, as Christians, we must help the poor, sick,.... besides giving to our church. I don't know if I could look myself in the mirror having that much money just to put away for what? Looks like he wants to buy a country. George Soros may have some competition. I know he gives a lot to the mormon church, which is advertising LEAVE MY LOVED ONES ALONE! I guess I have never seen the numbers of a really really rich person. And I thought we would doing good.
12 posted on 01/26/2012 1:48:15 PM PST by Linda Frances (Only God can change a heart, but we can pray for hearts to be changed.)
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To: Oldeconomybuyer

NO MORE RINOS!! NO ROMNEY, NO WAY!!

I absolutely refuse to vote for or support this corrupt, lying, abortionist/socialist paperhanging SOB!!

Rebellion is ON!!

Live free or die!!

The RINO pushing elite GOP establishment and their herders can KMA!!


13 posted on 01/26/2012 1:48:56 PM PST by Jim Robinson (Rebellion is not just brewing, rebellion is here!!)
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To: JoeProBono

sean has Romney on now

giggling and kissing up..


14 posted on 01/26/2012 1:50:30 PM PST by Tennessee Nana
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To: TSgt

The article says Ann Romney got $1,783 in interest on a blank account. That account must be worth a lot of money. My bank is currently paying 0.05% on my account.

Go Newt!


15 posted on 01/26/2012 1:53:31 PM PST by upchuck (Let's have the Revolution NOW before we get dumbed down to the point that we can't.)
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To: Jim Robinson; Tennessee Nana
Phoney Bastard named Romney
16 posted on 01/26/2012 1:54:31 PM PST by Utah Binger (Southern Utah where the world comes to see America)
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To: Tennessee Nana

I just cannot stand Hannity. He’s just as two faced as Mitt.


17 posted on 01/26/2012 1:56:45 PM PST by Utah Binger (Southern Utah where the world comes to see America)
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To: Utah Binger

I have him on to see if he will mention what happened in court in GA this morning

the case about keeping the ineligible Obama off the ballot there...

Rush never mentioned the case

nor has Sean as yet...


18 posted on 01/26/2012 2:04:15 PM PST by Tennessee Nana
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To: TSgt

I bet if Willard admitted he is a serial killer Weasel News and establishment friends still support him.


19 posted on 01/26/2012 2:05:17 PM PST by Leep (It's gonna be a Newt day!)
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To: Leep

would


20 posted on 01/26/2012 2:06:14 PM PST by Leep (It's gonna be a Newt day!)
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To: jimbo123

I sent a message to Drudge, telling him when he’s done giving Romney a Lewinsky he should put this story at the top of his page. I’m not holding my breath...


21 posted on 01/26/2012 2:07:15 PM PST by Thane_Banquo
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To: Tennessee Nana; holdonnow

Yes I noticed that too. I hope Mark does a broadside on a couple of things including that.


22 posted on 01/26/2012 2:07:33 PM PST by Utah Binger (Southern Utah where the world comes to see America)
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To: Oldeconomybuyer
The country is going to hell. I don’t care about anyone’s offshore accounts, tax returns, or marriages. We need to kick the snot out of Obama in November and start cleaning up the swamp. Eight years of Obama is the end of liberty.

We may be too far down the road of statism to reverse it now.

Ironically, if we had a truly fair taxing system, such as the consumer tax proposed in the "Fair Tax", Swiss bank accounts and off shore accounts and investments would not be necessary.

23 posted on 01/26/2012 2:17:09 PM PST by toro_embolados
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To: Linda Frances

I believe UBS was the swiss bank that fought having to disclose its records to the IRS. I wonder if Willard is hooked up in that scandal and if so, his path to the presidency just hit a canyon.


24 posted on 01/26/2012 2:18:13 PM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Jim Robinson

The message to take away here is that if we didn’t have confiscatory taxation, an overreaching government and insane courts that think nothing of grabbing your private property there would be NO REASON to take your possessions offshore!!!


25 posted on 01/26/2012 2:22:51 PM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Don Corleone

Yeah, well, that and Romney is a corrupt tax cheat, money launderer, and filthy liar!!


26 posted on 01/26/2012 2:25:32 PM PST by Jim Robinson (Rebellion is not just brewing, rebellion is here!!)
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To: Jim Robinson
NO MORE RINOS!! NO ROMNEY, NO WAY!!

I absolutely refuse to vote for or support this corrupt, lying, abortionist/socialist paperhanging SOB!!

Rebellion is ON!!

Live free or die!!

The RINO pushing elite GOP establishment and their herders can KMA!!

While Romney is not acceptable on much of any level to me, neither is Newt.

Now that Bachman is out of the race, Rick Santorum is about the closest thing we have to a true constitutional conservative left in the race.

What alternative do you suggest?

27 posted on 01/26/2012 2:31:29 PM PST by toro_embolados
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To: Jim Robinson

about investments in firms engaged in embryonic stem cell research

So not only is he NOT PRO-LIFE, he pays to have babies killed! What does the law say? You can’t claim ignorance of the law?


28 posted on 01/26/2012 2:32:29 PM PST by Linda Frances (Only God can change a heart, but we can pray for hearts to be changed.)
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To: Linda Frances
I personally know a multimillionaire who lives on 10% of his income and gives away the other 90%. I am not saying that all millionaires should do that, but I think I would do that as well. His philosophy is based on his Christian principles and he “sows” all money into the kingdom of God. He knows you don't take your bank account with you into eternity...
29 posted on 01/26/2012 2:34:28 PM PST by Anti-Hillary (No Jesus, No Peace! Know Jesus, Know Peace!)
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To: Jim Robinson

I think I’ll sent Drudge that last paragraph to see what he does with it, ann too. Not that they don’t already know.


30 posted on 01/26/2012 2:36:01 PM PST by Linda Frances (Only God can change a heart, but we can pray for hearts to be changed.)
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To: toro_embolados

The only solution for concern trolls is zot.


31 posted on 01/26/2012 2:37:12 PM PST by Jim Robinson (Rebellion is not just brewing, rebellion is here!!)
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To: Anti-Hillary

I was just reading Proverbs today & it talked a lot about helping the poor-personally. Liberals like to take someone else’s money and give it to other and then take credit. Not once did the bible say take from the people. It’s always give out of the goodness of your heart.


32 posted on 01/26/2012 2:47:35 PM PST by Linda Frances (Only God can change a heart, but we can pray for hearts to be changed.)
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To: toro_embolados; 50mm; darkwing104; TheOldLady

33 posted on 01/26/2012 3:37:34 PM PST by RedMDer (Forward With Confidence!)
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To: FReepers; All


34 posted on 01/26/2012 3:39:54 PM PST by RedMDer (Forward With Confidence!)
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To: Linda Frances
about investments in firms engaged in embryonic stem cell research
So not only is he NOT PRO-LIFE, he pays to have babies killed! What does the law say? You can’t claim ignorance of the law?

Well, Mitt claimed that his very pro-life conversion hung on a change of heart about embryonic stem cells...(see further below).

But it sounds to me like Mitt's not so "blind" about his investments...'cause even after he'd been running all 2007 as a "pro-life" candidate, here's what he told Katie Couric:

Couric: So what kind of embryos - embryos that are created for procreation and then would be discarded? Are those the ones that you feel are perfectly fine from which to cull cells for stem cell research?

Romney: Yes, those embryos that are referred to commonly as surplus embryos from in-vitro fertilization. Those embryos, I hope, could be available for adoption for people who would like to adopt embryos. But if a PARENT decides they would want to donate one of those embryos for purposes of RESEARCH, in my view, that's acceptable. It should not be made against the law. Source: CBS, original interview aired Dec. 4, 2007, Candidates Reveal Their Biggest Mistakes

Any of you "parents" want to "donate" one of your offspring that the Creator has provided to you for "research" purposes? And then you still -- like Mitt -- have the gall to call yourself "pro-life?"

***************************

Backgrounder on Mitt's flips & flops on this:

June 15, 2007 (National Review article he wrote): "Some advocates told me that only the creation of human embryos for purposes of experimentation, otherwise known as cloning, could help them better understand and perhaps someday treat a series of dreaded diseases. But they ignored the importance of protecting human equality, dignity, and life.

Almost 6 months later: December 5, 2007 Romney is interviewed by CBS' Katie Couric: ...surplus embryos...Those embryos, I hope, could be available for adoption for people who would like to adopt embryos. But if a parent decides they would want to donate one of those embryos for purposes of research, in my view, that's acceptable. It should not be made against the law." Source: Candidates Reveal Their Biggest Mistakes

A vocal pro-life nurse named Jill Stanek, up until this last quote from Romney, "was trying hard to give this pro-life convert the benefit of the doubt." Stanek's assessment of Romney's conclusion? "No. A parent cannot authorize killing a child. A parent cannot donate his/her living child for scientific experimentation. Romney understood this when discussing abortion earlier in the interview. He just need to apply that logic to human embryo experimentation...I don't get Romney's disconnect, but he has disconnected. And he has disqualified himself...Turns out he's not completely converted." Source: http://www.jillstanek.com/archives/2007/12/mitt_romney_just.html

As Deal W. Hudson said in his blog, Romney has a "lingering problem" in being only opposed to creating clones for stem cell research--not opposed to using "discarded" or "donated" frozen embryos: "...frozen embryos have been the primary source of embryonic tissue for stem cell research. How can you declare yourself opposed to this research when you are not opposed to the way it is actually carried out?...My question is this: How can you consider a frozen embryo a moral entity capable of being adopted, while at the same time support the scientist who wants to cut the embryonic being into pieces? Even more, if Romney's conversion was about the 'cheapened value of human life,' how can he abide the thought of a parent donating 'one of those embryos' to be destroyed?" Source: http://dealwhudson.typepad.com/deal_w_hudson/2007/12/the-problem-wit.html

So, just on embryonic research, we go from a...

...Mid-2002 Romney singing the praises of embryonic research: June 13, 2002, where he: ...spoke at a bioethics forum at Brandeis University. In a Boston Globe story filed the next day, he was quoted as saying that he endorsed embryonic stem cell research, hoping it would one day cure his wife's multiple sclerosis. And he went on to say: "I am in favor of stem cell research. I will work and fight for stem cell research," before adding, "I'd be happy to talk to [President Bush] about this, though I don't know if I could budge him an inch." When pressed, however, Romney and his aides declined to offer an opinion on "therapeutic" or embryonic cloning. Source: weekly standard http://www.weeklystandard.com/content/public/articles/000/000/013/222htyos.asp?pg=1

...To a...

...Late-2004 Romney undergoing his pro-life "conversion" due to this very issue: Nov. 9, 2004: Romney meet with Dr. Douglas Melton from the Harvard Stem Cell Institute: He recalls that it happened in a single revelatory moment, during a Nov. 9, 2004, meeting with an embryonic-stem-cell researcher who said he didn't believe therapeutic cloning presented a moral issue because the embryos were destroyed at 14 days. "It hit me very hard that we had so cheapened the value of human life in a Roe v. Wade environment that it was important to stand for the dignity of human life," Romney says. Source: Time Mag, March 9, 2007 http://www.time.com/time/magazine/article/0,9171,1619536-2,00.html

...To a...

...Late-2007 Romney who doesn't mind frozen embryonic life being "cheapened" or doesn't mind if they are excluded from his so-called "importance of protecting human equality, dignity, and life"...well that is, with this caveat: As long as Mom & Pop say it's OK for them to be sacrificed in such an experimental research manner!

35 posted on 01/26/2012 5:01:27 PM PST by Colofornian (If 94% of LDS repeat voting for Romney, then such RINO-voting reveals a liberal Mormon bent)
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To: TSgt

Why has no one asked the obvious question? Mr Romney, why do you have your money in a blind trust?
Blind trust, by definition:
 ”trust in which a trustee controls the financial investments of a public official, without the beneficiary’s knowledge of how his or her affairs are administered, in order to avoid conflict of interest
Romney is not a public official; what is he hiding, and why?


36 posted on 01/26/2012 8:17:36 PM PST by Cincinna ( *** NOBAMA 2012 ***)
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To: Thane_Banquo

You are not alone. We did the same!
Shame on you Matt Drudge!


37 posted on 01/26/2012 8:21:22 PM PST by Cincinna ( *** NOBAMA 2012 ***)
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To: Jim Robinson

Private citizens do not have a Blind Trust. They are meant to prevent conflict of interest for public officials, not for private citizens.


38 posted on 01/26/2012 8:24:02 PM PST by Cincinna ( *** NOBAMA 2012 ***)
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To: Jim Robinson

Bump!


39 posted on 01/26/2012 8:47:10 PM PST by Alamo-Girl
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To: toro_embolados
What alternative do you suggest?

Kneel before ZOT!

40 posted on 01/26/2012 11:30:46 PM PST by P-Marlowe (NEWT!!! Because everyone else is just average.)
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To: Jim Robinson

41 posted on 01/27/2012 10:23:10 AM PST by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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