Thursday, January 26, 2012

Romney fails in financial filings

Buddhists have a saying; money is suffering. Mitt Romney is about to live those words. The twitter tells me the Romney camp optimistically predicted earlier that Willard's tax returns would cease making news after tomorrow. I assume that was before Romney's inconsistent financial filings hit the news wires.
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. [...]

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 Romney campaign described the discrepancies as “trivial.” Of course they are. What's a few foreign tax shelters, more or less, among friends?

Paraphrasing a bit, a campaign spokesmouth pointed out Romney released 600 pages of tax returns for Pete's sake so why is anyone surprised that it's hard to keep track of that much money? Also they would like to point out they will have to pay an army of accountants overtime to straighten the filings out, thus Willard's personal contribution to the job creation just doubled.

Think this might come up in the debate tonight?

[Big thanks and a huge hug to my old pal blogenfreude who kindly linked in at Mike's Blog Round-up. It's been way too long since I've seen him on the internets.]

[More posts daily at the Detroit News.]

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Blogger Palli said...

Oh, yes, the inconvenience and arduous hardwork required to keep track of money.
Plays well with the meme that poor people are lazy.

9:52:00 AM  
Blogger Libby Spencer said...

Somehow I don't think this story is going to die out too soon.

10:51:00 AM  

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