Thursday, July 5, 2012

Ann Romney claims Obama wants to 'kill' Mitt ... yeah, yeah, yeah, now about that 'blind trust'

U.S. Republican presidential candidate Mitt Romney and his  wife, Ann react while onstage during his Illinois primary night rally in Schaumburg, Illinois, March 20, 2012. REUTERS/Jeff Haynes (UNITED STATES  - Tags: POLITICS ELECTIONS) "No, really! It's just a coincidence that we invested in Tagg's company."

Ann Romney is appalled that President Obama wants to "destroy" and "kill" her husband'this is apparently in reaction to Obama and his campaign campaigning. So enough about that.

Instead, let's discuss this:

The Romneys' blind trust was created when Mitt was elected governor of Massachusetts. Curiously, the Romneys appointed Bradford Malt as their trustee. It's certainly true that under Malt the trusts don't appear to be as blind as they might be: for instance, in 2010 the Romneys invested $10 million in the start-up of the Solamere Founders Fund, co-founded by their eldest son, Tagg, and Spencer Zwick, Romney's onetime top campaign fund-raiser; Solamere is now in the Ann Romney blind trust.

It seems that back in '94, when Mitt Romney called blind trusts "a ruse," he knew of what he spoke.


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