TV News LIES

Tuesday, Feb 28th

Last update05:20:13 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...


Former Trump Campaign Manager Paul Manafort Took Out $19 Million in Puzzling Real Estate Loans

paul ManifortPaul Manafort, the former Donald Trump campaign manager who resigned over his lobbying work in Ukraine...

Appeals court will not put Trump travel ban case on hold

Appeals court willl not postpone travel banA U.S. appeals court on Monday rejected a request from the U.S. Department of Justice to...

Commerce pick Wilbur Ross questioned over bank's links to Trump and Russia

Wilbur RossDonald Trump’s nominee to head the commerce department is facing intense scrutiny over whether the US...

Trump budget to increase defense, slash EPA, other agencies

Trump budgetPresident Trump has signed off on top-line numbers in a budget outline that seeks to make...
 
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!