Romney Won't Say Where His Money Is
Confidentiality agreement allows him to keep Bain holdings vague
By Kevin Spak, Newser User
Posted Apr 6, 2012 8:50 AM CDT
US Repulican presidential candidate Mitt Romney addresses the Newspaper Association of America in Washington, DC, April 4, 2012.   (Getty Images/AFP)

(Newser) – What companies is Mitt Romney invested in? Your guess is as good as the Office of Government Ethic's. Romney's money is largely parked in 48 Bain Capital accounts, and because those accounts are all protected by confidentiality agreements, he's not required to disclose any of their underlying assets, the Washington Post reports. While the approach appears to be legal, it makes it impossible to know what conflicts of interest Romney might have if elected.

"His approach turns the whole purpose of the ethics statute on its ear," says one Republican lawyer who has represented Rick Santorum. The loophole Romney is using was ironically pioneered by John Kerry, whose wife has a confidentiality agreement-protected account with—you guessed it—Bain Capital. But the Bain fund represents a much larger part of Romney's holdings. And while other nominees are required to divest undisclosed assets when they get into office, that rule doesn't apply to presidents.

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Showing 3 of 81 comments
saucier111
Jul 3, 2012 3:08 PM CDT
Check this link out. [ how mitt romney made his huge fortune ] or would you like to see how he made millions of dollars off of dead babies, check out, [Stericycle deal ]
MarionHall
Apr 8, 2012 2:28 PM CDT
I don't see any sense in asking where Romney's money is stored at, who he donated money to, anything like that - it is stupid gossip. Lets stick w/ the facts. He made his own money - hasn't used US Tax Payer money to stimulate the Foriegn Banks or waste it on Loans for friends program? I see one headline is he donated 1 million bucks to his church - well, I don't believe his preacher stands up and says "God Dam America"umm? At least he admits his church affiliations and unlike Obama is not wishing he never let the public know where he goes to church? This is all really funny if this is all people have to try to discredit someone. I am thinkin that Obama may not wanna be going down that road again? And how about we focus on being American. You don't have to vote for the same party everytime. Vote for the best one u feel.
T-MAN
Apr 7, 2012 2:30 AM CDT
What's ya covering up Mittens?