Five Startling Facts About Mitt's Investments

[Tom Wetmore]

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

[phkrause]

Great article, also up in MA we know exactly what the country is gonna be in for, we had 4 yrs of it. The only good thing was his overhaul of the healthcare system.

[OzarkWoman]

Great article, also up in MA we know exactly what the country is gonna be in for, we had 4 yrs of it. The only good thing was his overhaul of the healthcare system.

But nobody cared when lots of us told them what the country would be in for by electing Obama because many of us knew he was a fraud and all. So, what you say is your opinion only and nothing else. I know friends who live in MA and they say he was a good gov.

[bonnie]

But nobody cared when lots of us told them what the country would be in for by electing Obama because many of us knew he was a fraud and all. So, what you say is your opinion only and nothing else. I know friends who live in MA and they say he was a good gov.

It is rather interesting that the link says "shady investments". Following the links provided as proof I guess doesn't show anything shady

"Those are known only because Bain publicly disclosed them in government filings and on the Internet. But most of the underlying assets — the specific investments of Bain funds— are not known because Romney is covered by a confidentiality agreement with the company.

Several of Romney’s assets — including a large family trust valued at roughly $100 million, nine overseas holdings and 12 partnership interests— were not named initially on his disclosure forms, emerging months later when he agreed to release his tax returns.

There is no indication that Romney is violating any rules, and his advisers note that his reports have been certified by the Office of Government Ethics, which reviews the disclosures required of presidential candidates.

Romney spokeswoman Andrea Saul said the disclosure “completely and accurately describes Governor Romney’s assets as required by the law.” She said Romney does not know the details of his investments since he turned them over to a trustee to manage, and that ethics officials confirmed that “everything ... was reported correctly” and completely."

"In 2009 and 2010, the W. Mitt Romney blind trust invested $77,262 in shares of Cnooc Limited, the state-owned Chinese oil company, and Industrial and Commercial Bank of China. On Aug. 10, 2011, as Mr. Romney was emerging as a harsh critic of China, the shares were sold, producing a profit of $8,138, as the trust made money on the oil company but lost money on the bank.

The trust also invested in derivative securities linked to the Japanese stock market and to an index that includes stocks in every major country except the United States. It invested in a derivative that would profit if the dollar fell against a group of foreign currencies."