flashback from 1/12: Romney Failed to Disclose Swiss Bank Account Income

[maddezmom]

Mitt Romney's campaign is amending the financial disclosure form he filed in 2011 to acknowledge that a Romney trust earned interest income from a Swiss bank account, a detail that had been missing from the report.

"An amendment is being filed to address this minor discrepancy," a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.

"The inescapable fact is that by releasing over 600 pages of information regarding his finances, Mitt Romney is clearly coming down on the side of disclosure," said Andrea Saul, a campaign spokeswoman, in a subsequent statement. "Any document with this level of complexity and detail is bound to have a few trivial inadvertent issues. We are in the process of putting together some minor technical amendments, which will not alter the overall picture of Gov. and Mrs. Romney's finances as disclosed in August."

The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney's money manager, Brad Malt, had shuttered it in early 2010.

http://abcnews.go.com/Blotter/romney-failed-disclose-swiss-bank-account-income/story?id=15447680#.UDa4cdaPW8B

[kentuck]

1. Why would it take 600 pages to disclose a measly $3 million in a Swiss account??

It looks like someone is trying to obfuscate and confuse the issue? Just my opinion.

[Frustratedlady]

2. Hmmm, the Swiss aren't paying any interest?

Why wouldn't the interest on $3M "alter the overall picture..."

Even if the money manager "shuttered it in early 2010" wouldn't it have to be Jan. 1st, 2010 to not alter their amount owed?

I don't have $3M in anything and can't even imagine what $3M looks like, but surely there would have been SOME interest that didn't get counted.

Didn't he have to revise his tax returns when he ran for Gov? I thought I also read of another occasion where he had to revise several years of tax forms...Oh, was that because of his off-shore accounts? Hmmm! It just gets so complicated, I can't wrap my stupid little mind around what he has to say.

At this point in time, I wouldn't believe anything Romney OR his people said.