TV News LIES

Thursday, May 28th

Last update01:41:28 AM GMT

You are here News Politics Mitt Romney's Stake in Chinese Stocks

Mitt Romney's Stake in Chinese Stocks

E-mail Print PDF

Mitt RomneyOn the campaign trail, Mitt Romney rips President Obama's policy on China and talks tough against the rising global power. "We're going to crack down on China," he said at a recent event in Ohio.

"They've stolen our jobs; that's gotta stop." But according to Romney's recent tax returns, between 2008 and 2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

Through Romney's individual and family "blind" trusts—managed by his personal lawyer, R. Bradford Malt—the Romneys traded more than 25,000 shares in Chinese firms, including some based in Hong Kong. Some of these investments have previously been reported in the media and raised by the Obama campaign, but others have gone unnoticed. Overall, the stock investments netted the Romneys a profit of more than $90,000 in 2010 and 2011. (Some of the individual investments were losers.)

While that sum is a pittance in light of the candidate's vast personal wealth, it represents a significant amount for ordinary working Americans. Romney has long invested in China, putting millions into Chinese firms back when he ran Bain Capital, as MoJo's DC bureau chief David Corn first exposed in several reports this summer.

More...


Most Recent Related Stories...


Ex-House Speaker Hastert charged with evading currency rules and lying to FBI

Dennis HastertFormer U.S. House Speaker Dennis Hastert has been indicted on federal charges alleging he agreed to...

Federal Court Refuses To Lift Hold On Obama's Immigration Executive Action

ObamaA federal appeals court refused Tuesday to lift a temporary hold on President Barack Obama's executive...

Jeb Bush: big bucks and corporate boardrooms: 15 cases

Jeb BushJeb Bush served on the board of directors or as an adviser to at least 15...

Supreme Court will consider redefining 'one-person, one-vote' principle

One man one voteThe Supreme Court agreed Tuesday to decide whether state legislative districts must have roughly equal numbers...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!