Romney Camp: Swiss Bank Attacks are 'False and Ridiculous'

[Dalai_1]

Romney Camp: Swiss Bank Attacks Are ‘False And Ridiculous’

BENJY SARLIN JULY 5, 2012, 3:44 PM 7820
Rebutting the Obama campaign’s new efforts to highlight Mitt Romney’s foreign assets, the Romney campaign condemned such attacks as “false and ridiculous” and a distraction from the economy.

Democrats have been working hard to highlight a recent report in Vanity Fair that questions why Romney owned a Bermuda-based company for over 15 years and suggests that without further disclosure it may be impossible to tell the asset’s value or intended purpose.

“Oh, what a contrast, my friends, between these two men who would be president!” Obama campaign co-chair Ted Strickland said in Ohio on Thursday. “President Obama is betting on America and American workers, and Mitt Romney is betting his resources in the Cayman Islands, in Bermuda, in Switzerland and God only knows where else he is putting his resources.”

The new attacks comes on the heels of an editorial in the conservative Wall Street Journal complaining that Romney looked weak rebutting attacks on his “rich guy” image. Particularly galling for conservatives is that these issues were raised extensively during the primaries as well, yet the campaign still hasn’t settled on a consistent response......

http://2012.talkingpointsmemo.com/2012/07/romney-bermuda-swiss-bank-bain.php

[cindyperry2010]

1. wow the ads must be working

good job and keep it up rmoney is a thin skinned weasel

[DearAbby]

2. Romney has it mixed up....CAYMAN ACCOUNTS

haven't reached the point of talking about the Swiss accounts yet...focus ::snap fingers:::

[elehhhhna]

11. swiss accts are no longer as secure as accounts inthe

british territories (Cayman, Bermuda, Guernsey (SP?), Isle of Man...)

[tanyev]

3. "It's ridiculous because you have no proof of all the money I have in my Swiss ban---oops."

[monmouth]

4. It was reported that one bank account was emptied and transferred to Ann...n/t

[aint_no_life_nowhere]

5. Transferred one day before he was sworn in as Governor

http://www.politicususa.com/mitt-romneys-financial-shell-game.html

"...Even as governor, Romney held his financial cards as close to his vest as Massachusetts law allowed. One day before he was sworn in as Governor of Massachusetts in 2003, Romney transferred to his wife’s blind trust ownership of Bermuda-based Sankaty High Yield Asset Investors, Ltd. Sankaty is a hedge fund created by Bain in 1977 to facilitate its Domino’s Pizza acquisition. A Bermuda shell corporation like this allows investors to avoid U.S. taxes on earnings (and can facilitate money laundering). By Massachusetts law, once it was in the blind trust, he did not have to disclose ownership or control of Sankaty. ..."

[Gman]

6. Another spokesperson responded

"President Obama’s attacks on Mitt Romney have been proven false time and again. As job growth slows, manufacturing activity stalls, and our economy continues to sputter, President Obama knows he can’t make a legitimate argument for another term in office, so instead he is trying to tear down his opponent. This is just the latest example of President Obama and his political machine saying or doing anything to distract from his abysmal record over the last four years."

[louis-t]

7. Uh, job report today says 125,000 new jobs in June.

Barely keeping up with demand but dwarfs bush average of 50,000 per month and a (huge) net jobs loss over 96 months. Doesn't sound "abysmal" to me.

[ThoughtCriminal]

9. The funny part will come when reporters start finishing the sentence for them

...in unison.

[zbdent]

8. saw on one of the fact-checking/snopes type sites

there's more turd-polishing going on ...

one of the latest is Rmoney's not taking a paycheck for all the "service to his country" ...

Only thing I can think of is ... "Hey, when you've got an inheritance like Mitt's, yeah, you can work for free and not worry about being laid off or fired ..."

[jmowreader]

10. Attacks on his $77,000 dressage-horse deduction are still okay, though

[TheTruthSquad]

12. This will be his undoing

When Mitt's father ran for president in 1968, he released 12 years of tax returns. He stated “one year could be a fluke, perhaps done for show.” Mitt has released one year, and that revealed he had declared accounts in Bermuda, The Cayman Islands and Switzerland. All countries that are tax havens and have secrecy laws to protect depositors. Not illegal, but highly suspect. Why not Germany, France or Italy? He may and I repeat may release a later year tax return, but he can't release a previous year. You see Mitt doesn't like to pay taxes. When he worked for Bain, they lobbied for the tax break that allows them to pay 15% on carried interest. When they wanted to close the loophole, Bain spent millions again on lobbying. When he was on the board of directors of Marriott, he was Audit Chairman. He reduced their tax rate to 6.8% through offshore tax dodges and sleazy loopholes. Enough of this, the real story starts below.
In 2009 the IRS had a tax amnesty for people that had money in undeclared Swiss bank accounts. The IRS was given a list of 4,500 names, and let the financial world know they were going to go after these people. More than 30,000 people came forward and the government collected 2.7 billion in taxes and penalties. The company that came forward with these names was UBS, the same company that Mitt has his "declared" account with. Some believe up to 10 trillion dollars are stashed in tax havens by Americans. His staff was sweating bullets in January when he released his tax release. Now that there are calls for him to release his previous tax returns, they are back in panic mode. They have no way to explain the mysterious appearing accounts and the sudden surge in assets. If he does release them, look for white out and a copy of Photo Shop at his campaign office.

[Cali_Democrat]

13. Romney owned a Bermuda-based company for over 15 years?

What exactly does this company do? Anyone know?

Seems VERY shady.

[spanone]

14. where's your tax records mitt? where the fuck are they?