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
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Hillary Clinton Rallies NC Democrats for Hagan

Saturday, 25 Oct 2014 19:05 PM

Former Secretary of State Hillary Rodham Clinton urged North Carolina Democrats on Saturday to work to re-elect Sen. Kay . . .

Poll Watchers on Both Sides Keeping Close Eye on Voter ID Laws

Saturday, 25 Oct 2014 16:41 PM

Poll watchers for both liberal and conservative groups will be battling over voter ID laws on Election Day, with Democra . . .

NJ Gov. Christie Back Again in Iowa

Saturday, 25 Oct 2014 16:12 PM

New Jersey Gov. Chris Christie returned to Iowa on Saturday to headline one of the biggest events on the state's politic . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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