Romney's Blind Trusts Maybe Not Blind After All? All Chinese Holdings Shed About The Time Romney Decided To Confront China.Submitted by AnAppealToHeavenWash on Tue, 12/27/2011 - 09:08
Romney Blind Trusts Shed Chinese Holdings
By ALICIA MUNDY
Mitt Romney's financial advisers shed all his investments in China, worth as much as $1.5 million, at some point after mid-August, about the time that Mr. Romney made "confronting China" on trade a central plank of his economic platform as a Republican presidential candidate.
The investments were held in blind trusts for Mr. Romney and his wife, Ann, according to his most recent financial-disclosure forms filed with election officials in mid-August. His campaign said that the former Massachusetts governor did not make investment decisions related to the trusts, and that his financial advisers tried to keep his portfolio consistent with his beliefs.
On Sept. 6, Mr. Romney released a 59-point economic plan that is highly critical of Chinese trade and currency practices. He promised that, if elected president, he would issue an executive order to sanction China for unfair trade practices.