Saturday, August 18, 2007

Romney's Portfolio Hypocrisy, cont'd

[A bit late with this update on Mitt Romney's portfolio, but it's important:]
While He criticized Senator Ted Kennedy in 1994 for what was in his blind trust when running against him, Romney claims he couldn't have controlled how his own blind trust was set up in 2002. So it ended up with investments in companies researching human embryonic stem cells -- as well as casinos and a questionable oil company. In Thursday's Boston Herald:

Romney, who holds assets worth between $190 million and $250 million, also invests in casino operators, an oil company that does business with Iran and a firm with cash linked to the genocidal Sudanese government. Romney has said the investments were held in a blind trust that prevented him from directing the use of his money, or scrubbing stock transactions for conflicts with his political beliefs.

However, the former governor previously chastised Bay State Sen. Edward M. Kennedy for mounting the same defense during a 1994 campaign for U.S. Senate. “The blind trust is an age-old ruse,” Romney was quoted as saying at the time. “You give a blind trust rules. You can say to a blind trust, don’t invest in properties which would be in conflict of interest or where the seller might think they’re going to get an advantage from me.”