Romney Failed to Disclose Swiss Bank Account Income

ABC News ^ | 1/26/2012 | MATTHEW MOSK and BRIAN ROSS

[Raebie]

Mitt Romney's campaign is amending the financial disclosure form he filed in 2011 to acknowledge that a Romney trust earned interest income from a Swiss bank account, a detail that had been missing from the report.

"An amendment is being filed to address this minor discrepancy," a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.

"The inescapable fact is that by releasing over 600 pages of information regarding his finances, Mitt Romney is clearly coming down on the side of disclosure," said Andrea Saul, a campaign spokeswoman, in a subsequent statement. "Any document with this level of complexity and detail is bound to have a few trivial inadvertent issues. We are in the process of putting together some minor technical amendments, which will not alter the overall picture of Gov. and Mrs. Romney's finances as disclosed in August."

The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney's money manager, Brad Malt, had shuttered it in early 2010.

[Round 9]

While I support Newt, I never thought I’d see our side slam somebody for being successful.

Both of these candidates should quit with the personal attacks. It’s F****** sickening!!!

[Semper911]

I never thought I’d see our side slam somebody for being successful.

Exactly. It is unbelievable to me. It is a-ok with freepers now to criticize someone for his financial success. Mittens the candidate has many problems, but his financial success isn't one of them.

Class warfare is alive and well among conservatives. And the Dems are loving it.

[Suz in AZ]

I would think the reason is to have it in Swiss Francs and out of the US system and out of dollars as an emergency reserve. Not having all eggs in one basket, so to say.

[chessplayer]

Interest on 3 million isn’t a “trivial insignificant” oversight.

---

For Romney it is. How wealthy is he, again? 3 million is pocket change for him.

[AndyJackson]

Is that how this works?

Yes, that is how Washington DC works.

[Pearls Before Swine]

Oh it was on his returns, it was on his ethics disclosure forms he "forgot" he had a three million dollar swiss bank account.

What advantage is there to him in deliberately not mentioning it when he's disclosed much more? By the way, I'm not a Mittwit--I just don't see this as a major issue. He has others.

[mo]

“How can he have a Swiss bank account when I know Swiss citizens living here are forced to close their Swiss accounts while legally residing in the U.S.? ...”

come, come , now , silly boy ...YOU know that the peons and peasants aren't to ask embarrassing questions of their betters ....

[P-Marlowe]

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[Prokopton]

He probably needs to check his accounts in the Cayman Islands, the Isle of Man, Anjouan, Vanuatu, and Andorra. Out of sight, out of mind.

All I know is, I'd like to have those problems.

[Prokopton]

Class warfare is alive and well among conservatives. And the Dems are loving it.

Make no mistake, just because someone supports Gingrich, it sure as hell doesn't make them a conservative.

[HeartlandOfAmerica]

Why does it matter? Because Romney would be just another Ford, Dole, McCain loser in the general!

Actually, it goes farther than that.

WHen he has 3 mil in this overseas acct, 3 mil in that one 3 mil in another and on and on and he's worth 250 million dollars, at what point does he care about the worries, concerns and lives that the rest of us lead?

His kids all go to the best private schools. They have the best security that money can buy. SO what does he care about education bills etc.

He spends more on electricity in one of his mansions, like Algore, than most of us have to spend for an entire month for our entire lives and everything in them. What does he care about how the economy does or how many are unemployed? He's set and being president, he isn't gonna get poorer, he's going to follow all the politico's national trends and get richer by far.

He can afford all the health care anybody can possibly want, so what does he care about the state of health care in this country.

He's got whole legions of tax attorneys and accountants at his disposal, so what does he care about how high taxes are, he'll just hire more people to help find new ways to evade them anyways.

What does he care about the way we live? He doesn't. He couldn't care less.

Godspeed

[xzins]

Having watched the orchestrated events of the last few days and the all out attack on Newt Gingrich, I am more convinced than ever that Romney truly is being crammed down our throats. How do you get every network, every establishment republican, nearly every major website, talk radio, and every commentator to read off of the same sheet?

This is a concerted effort to take down Newt Gingrich, but the flip side of it is to ensure a Romney victory.

Romney remains a pro-abortion, pro-gay marriage, anti-gun, big government, romneycare liberal. Romney is not somehow less a liberal because Newt has ever done or not done something at any point in his life. Romney is not any less a crony capitalist because of anything Newt has ever done. Newt has governed as a conservative and Romney has governed as a liberal/socialist. The contrast cannot be more clear.

Romney is not any less the man who would force money out of a conscientious pro-life pocket and use it to perform an abortion. That is beyond despicable and well on its way to demonic.

This is all to say that not only WILL I not ever support Romney, but I CANNOT ever support Romney. In this evening’s debate, he says this or that about his finances or about the border or about his wife, and the media says “isn’t that nice”. Behind all of that, behind the smiles, behind the lines, is a man who will force demonic behavior on us. I CAN NEVER, am unable ever, am bound by my faith to NEVER ever support Romney. Obama/Romney: Do I really care if it’s nero or caligula who is in charge? Either way evil is heaped on the nation.

There are two real candidates left in this race: Gingrich and Santorum. Paul is a bit of a crazy old man, he’s unelectable, but at the same time, he’s not the beast that Romney or Obama are. I don’t really have to say that I won’t support Paul, because Paul isn’t going anywhere.

I support Newt, but if he stumbles, or if there’s some state that Santorum can win but Newt can’t, then I’ll be on the side of the one defeating Romney. Pennsylvania, for instance, might be a fight between Romney and Santorum since it’s Santorum’s home state. If Santorum can take Romney out in PA, and Newt can’t, then I’d support every conservative in the race supporting Santorum to deny that state to Romney. That’s what was suggested in IOWA, and it worked.

I will support a 3rd party candidate — and the only current 3rd party with a candidate I could support is at this point the pro-life, pro-God, pro-gun Constitution Party — if Romney gets the nomination. I will actively work, then, to deny my precinct (and hopefully my county) here in swing state Ohio to Romney. I’m in a bible belt county, and I do think that I can rally believers to the pro-God Constitution Party which is relatively unknown.

The establishment GOP might think it’s cool to shove someone down our throats, but if we make a concerted effort to deny victory to Romney, then the defeat of their candidate at the hands of those formerly their friends will be a victory that I will savor.

[SatinDoll]

There is no difference between Obama, who is a puppet of Globalists, and Romney who is a Globalist himself.

What is a “Globalist”?

In the context used here, American power players and Wall Street interests have dominated international commerce and established monetary structures in a Global network that requires military strength projected worldwide as protection from the Third World aggression. It is commonly referred to as protecting US interests overseas but has grown far beyond that in reality as huge international conglomerates have developed and moved American jobs overseas. It has in the past been neither conservative nor liberal in orientation and both Democrats and Republicans have been involved over the decades.

[Notary Sojac]

Newt is a pro-life, small government, strong defense, Reagan conservative. Wants to gut government, drastically reduce taxes and spending, neuter the Fed and the EPA, restore the constitution and the bill of rights especially the first, second and tenth amendments, defrock our black robed rulers, restore religious freedom and stop the wholesale slaughter of the innocent unborn!!

Agree with all of the above Jim.

But what a difference a few months makes.

Back when I was one of the first members of the Gingrich pinglist here back in September, I couldn't go two minutes without having to scrape another "Amnesty Newt!" or "Pelosi's butt buddy!" post off my screen.

I don't recall you or the mods making much of an effort to defend Newt back then.

[XenaLee]

I'm in total agreement, Semper911. I'm supporting Newt now...but if the Obama media takes Newt out like they took Cain out, I'll support Santorum. If what we're left with is Romney, I'll hold my nose and vote AGAINST Obama, who is much, MUCH worse and a deadly threat to this nation and our lives and future.

"I am going to support whoever is running against Obama. Period. Any one of them would be better than an Obama second term."

[XenaLee]

So HOW do we get rid of Romney...when he’s the one the leftie media and the Dems all want to win the nomination? They’re crossing over and voting for him, just like they did in 2008 for McLame.

And why the HELL do we even have open primaries that allow leftists to cheat and vote in them?