TV News LIES

Monday, Sep 22nd

Last update11:48:45 PM 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...


Boehner says unemployed ‘don’t really want’ jobs. How bad a gaffe for GOP?

BoehnerThe Republican Party’s top leader in Congress is catching flak for a comment that appears to...

U.S. moves to block suit against Iran-focused group

DOJWarning of potential damage to U.S. national security, the Justice Department on Friday asked a federal...

Wisconsin voter ID foes ask court to reconsider

voter idCivil rights advocates have officially filed a petition asking a federal appeals court to reconsider a...

More details emerge in fight that witnesses say involved Palin family

Palin As police continue investigations into a fight that broke out Saturday at a South Anchorage home, more details have...
 
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!