Whoops:
I hope that is enough of the article to avoid the wrath of SF, the cherry-picking police. Romney sure is finding new and clever ways to make his wealth an issue in this campaign. Christ. He didn't know as of 2008 that he was going to run again in 2012? He didn't think he'd ever have to disclose his returns? He didn't think that it might be a bad idea to not include everything on his financial disclosure forms?
The issue would never have gone away completely, but he would have taken a hell of a lot of sting out of the issue if he were just open and honest about it.
http://www.latimes.com/news/politic...fied-in-ethics-forms-20120126,0,1504762.story
Some investments listed in Mitt and Ann Romney’s 2010 tax returns – including a now-closed Swiss bank account and other funds located overseas – were not explicitly disclosed in the personal financial statement the GOP presidential hopeful filed in August as part of his White House bid.
The Romney campaign described the discrepancies as “trivial” but acknowledged Thursday afternoon that they are undergoing an internal review of how the investments were reported and will make “some minor technical amendments” to Romney’s financial disclosure that will not alter the overall picture of his finances.
A review by the Los Angeles Times/Tribune Washington Bureau found that at least 23 funds and partnerships listed in the couple’s 2010 tax returns did not show up or were not listed in the same fashion on Romney’s most recent financial disclosure, including 11 based in low-tax foreign countries such as Bermuda, the Cayman Islands and Luxembourg.
The campaign has stressed that Romney has paid all required U.S. taxes on his foreign funds.
Many of the funds are affiliated with Bain Capital, the Boston-based private equity firm Romney ran for 15 years. Several others are apparently unrelated offshore entities with mysterious names such as Babson 2006-1, which is based in the Cayman Islands, and Barracuda Investments, which has an address in Dublin, Ireland, but appears to be solely owned by Golden Gate Capital, a private equity firm based in San Francisco.
Among the assets omitted is a Swiss bank account in Ann Romney's blind trust that campaign officials said held $3 million of the couple's money until it was closed in 2010. The account was listed on a financial disclosure Romney filed in 2007, but it was mistakenly named as an asset held by the couple, not as part of Ann Romney's trust. The campaign said it is filing an amendment to the most recent report to reflect $1,700 worth of interest earned in the Swiss bank account in 2010, as well as another amendment to move the account to the appropriate category in the 2007 report.
The Romney campaign dismissed the omission of information as inadvertent and inconsequential, noting he has released more than 600 pages of information about his finances.
But the discrepancies between Romney’s tax returns and his personal financial statement speak to a broader challenge facing the longtime private equity chieftain: convincing voters that he can relate to their economic distress despite the incredibly complex architecture of his immense fortune.
I hope that is enough of the article to avoid the wrath of SF, the cherry-picking police. Romney sure is finding new and clever ways to make his wealth an issue in this campaign. Christ. He didn't know as of 2008 that he was going to run again in 2012? He didn't think he'd ever have to disclose his returns? He didn't think that it might be a bad idea to not include everything on his financial disclosure forms?
The issue would never have gone away completely, but he would have taken a hell of a lot of sting out of the issue if he were just open and honest about it.
http://www.latimes.com/news/politic...fied-in-ethics-forms-20120126,0,1504762.story