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Tuesday, September 25, 2012

Mitt Watch: Ugly Deals And Not So Blind Trusts

Sept 25th, 2012

While everyone is debating either the fairness of the rate or the bizarre and hypocritical over-payment revealed in the release of Mitt Romney's 2011 tax returns, there are some darker and more complicated issues raised.

After reminding us that it was Romney himself who stated years ago "you can always tell a blind trust what it can and cannot do," FT reports that his investments in Chinese energy concern Cnooc, a group with direct dealings in Tehran and a history of human rights abuses, seem to have been made and sold with suspiciously convenient timing regarding his political ambitions.

The short version: his "blind trust" invested in Cnooc after their practices were raising eyebrows and under investigation here in the U.S. but divested late in the Summer of 2011 just before candidate Romney made talking tough on China one of his campaign's talking points. More on this HERE

The next time we hear anyone from Team Romney refer to the "morality of capitalism," it's worth asking them just what the hell they think they're talking about.


  1. Kind of like that 'empathy' that anne talks about?

  2. Now who's the REAL Manchurian candidate?
    (Great piece,By the Way, am I the only one who remembers the Republicans wanting to privatize(steal?) Social Security or does no one think Thurston Howell III and Lyin Ayn Rand don't plan to do it since they've stopped talking about it?