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Wed Oct 24, 2012, 05:46 AM

 

Five startling facts about Mitt’s investments

1. Visually Impaired Trust

Last December, Matthew Mosk of ABC News reported that the Romneys’ “blind” trusts did not meet the minimal standards of independence associated with a blind trust. The problem is that the Romneys’ trusts are administered by Bradford Malt, Mitt’s personal attorney and “long-time associate....”

2. Romney Campaign Says It’s Not a Blind Trust...

3. Romney Set Up Visually Impaired Trust to Dodge Conflict of Interest Charges

According to an August report in the Telegraph, when Romney was governor of Massachusetts, he may have violated state ethics laws when his administration maintained a “lucrative” contract with a company in which he had a financial stake... Romney didn’t award the contract, but according to the Telegraph, “New state employees were obliged to prevent conflicts of interest with existing contracts. The following year, began declaring that his holdings were in a so-called ‘blind trust’ controlled by his lawyer...”

4. Not All of His Controversial Investments Are in the Visually Impaired Trust...

5. Crony Trust

...it appears that the Romneys’ blind trusts have invested in strategic ways — to help friends and family...


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

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