Interesting contrast between Obama & Romney [View all]

[kpete]

A commentor to the NY Times story
made this remark

Romney has been a smart investor and it doesn't appear that his investments in China have violated any laws or regulations. But he cannot claim that Obama has been soft on China while Romney is deriving substantial financial benefits from investments in China. The trustee of Romney's so-called blind trust isn't independent. He's Romney's lawyer and Bain's lawyer. Romney's investments in China are a matter of public record so Romney cannot claim to know nothing about them.
http://www.nytimes.com/...

http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html?pagewanted=all#comments

back in July Vanity Fair reported
An Age-Old Ruse

But just how blind are such trusts, anyway? In Romney’s case, apparently not quite blinkered enough to keep his trustee—who is also his personal lawyer and longtime friend Bradford Malt—from investing more than $10 million of Romney’s money in an investment fund managed by Romney’s son Tagg.

Interesting contrast:

As a freshman senator, Barack Obama—whose wealth comes almost entirely from his book royalties—set up a blind trust but later that same year sold all of his stocks and closed the trust because he decided that even such an arrangement could not protect him from the appearance of a conflict. Most of his wealth is now invested in U.S. Treasury bonds and diversified funds—about the most transparent option available. What’s good for the country is good for Obama, and vice versa, to coin a phrase.
Glad to see that TM is reporting this - finally.

http://www.vanityfair.com/politics/purdum/2012/07/mitt-romney-age-old-ruse-blind-trust