HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Romney Conference Call: W...
Introducing Discussionist: A new forum by the creators of DU

Tue Jan 24, 2012, 12:45 PM

Romney Conference Call: Why Did Romney's Trustee Close The Swiss Bank Account?

Romney Conference Call: Why Did Romney's Trustee Close The Swiss Bank Account?

Brad Malt, the trustee of Romney’s blind trust since 2003, created a swiss bank account in Ann Romney’s name with $3 million. In early 2010, he closed that account. Asked on a conference call with the press if the account was closed for political reasons — which some media reports suggest — Malt said that he had conducted a periodic review of investments and determined that it wasn’t serving a purpose. This might coincide with Romney’s political views, he said.

Malt says the Swiss Bank Account with UBS was opened in 2003 for diversification and that taxes in correlation with the account have been paid.

http://livewire.talkingpointsmemo.com/updates/4599

2 replies, 1015 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Romney Conference Call: Why Did Romney's Trustee Close The Swiss Bank Account? (Original post)
The Straight Story Jan 2012 OP
CanonRay Jan 2012 #1
Cigar11 Jan 2012 #2

Response to The Straight Story (Original post)

Tue Jan 24, 2012, 12:52 PM

1. UBS-now there's a familiar name

Mortgage fraud, Phill Gramm, repeal of new deal banking regs...no wonder Mittens Rmoney was a customer.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to The Straight Story (Original post)

Tue Jan 24, 2012, 12:56 PM

2. You can bet one thing ...

I wasn't because he thought his money was in any danger.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread