Tags: wasserman | schultz | foreign | accounts

Wasserman Schultz Invested in Swiss Banks, Foreign Drug Co.'s

Tuesday, 10 Jul 2012 11:21 PM

Democratic National Committee chair Debbie Wasserman Schultz has criticized Mitt Romney's investments outside the U.S., including in Swiss banks.

But financial disclosure forms indicate the Florida congresswoman held funds with investments in Swiss banks, foreign drug companies, and the state bank of India, reports The Weekly Standard.

"Americans need to ask themselves, why does an American businessman need a Swiss bank account and secretive investments like that?" said Wasserman Schultz, who has been one of President Barack Obama's attack surrogates as part of his campaign. "Just something, a thought, that I'd like to leave folks with."

Team Obama has consistently pummeled Romney's finances, particularly his investments abroad in an effort to paint him as out-of-touch with average Americans.

Financial disclosure forms from 2010 show that Wasserman Schultz invested between $1,001-$15,000 in a 401k retirement fund run by Davis Financial Fund, according to the Weekly Standard; the fund has investments in the Julius Baer Group Ltd., a Swiss investment firm, nd the State Bank of India GDR Ltd., as well as other financial, insurance, bank institutions. Other investments show she had funds with holdings in foreign drug makers and auto companies.

The Weekly Standard points out there is nothing illegal in holding such assets.

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