Blind Trusts a 'Ruse,' Romney Said in 1994

Wednesday, 18 Jul 2012 12:25 PM

By Andra Varin

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republican presidential candidate Mitt Romney says he put his money in a blind trust to avoid any conflict of interest, although he once scoffed at such devices as “an age-old ruse.”

Romney is facing questions over when his involvement with Bain Capital ended, and increasing demands for him to release his latest tax returns. The former Massachusetts governor has tried to tamp down interest in his money matters. Last week he stressed that his money was in a blind trust.

“I don’t manage the money that I have. In order to make sure that I didn’t have a conflict of interest while I was governor or while I was considering a run for national office, I had a blind trust established,” he said in a July 13 TV clip played Monday by “The Daily Show” on Comedy Central.

But “Daily Show” host Jon Stewart unearthed a clip from Oct. 18, 1994, that showed Romney deriding blind trusts.

“The blind trust is an age-old ruse, if you will,” Romney said. “Which is to say you can always tell a blind trust what it can and cannot do. You give a blind trust rules.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Campaign 2016: Texas Gov. Perry Says He Needs Prep

Thursday, 24 Apr 2014 12:30 PM

Texas Gov. Rick Perry says he'll need more preparation if he runs for president again in 2016.Perry says he learned a lo . . .

Florida Sen. Nelson Says He May Run for Governor

Thursday, 24 Apr 2014 12:26 PM

Florida Sen. Bill Nelson told a chamber of commerce lunch on Wednesday that he is tempted to run for governor because he . . .

Sen. Warren: Washington Playing 'Rigged' Political Game

Thursday, 24 Apr 2014 12:00 PM

Washington is playing a "rigged" political game that favors the rich and powerful at the expense of struggling middle cl . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved