Carnival Corporation in at least 2 blind trusts according to documents on file with opensecrets.org.
In politics, timing is everything. Republicans and for that matter, the all Americans embrace the right to advance and profit financially. But the timing.....
Just when the Costa Cruise line has capsised off of the Italian coast, the American people will reminded about the Romney's blind trusts. This week Romey has said he will disclose his financials.
Venetian blinds will be opened!
What assets are held in those blind trusts? Among other assets....Carnival Corporation, the company that owns the Costa Concordia. Carnival's 15 Costa ships account for about 16 percent of the company's 186,000 cabins.
When the ship went down, where was the candidate Mitt's outcry for moral responsibility in the cruise ship industry?
"Other than assets and income sources listed on page 1 of Schedule A, all of the assets listed in this Report are held by the W. Mitt Romney Blind Trust, the Ann D. Romney Blind Trust, Mr. Romney's IRA or Mrs. Romney's IRA (collectively, the 'Reporting Entities'). In each case, R. Bradford Malt, as Trustee (the 'Trustee'), has complete investment discretion over the assets held by these investment vehicles, except where the Trustee has delegated that discretion to third-party investment managers.
"The management of the assets of the Reporting Entities was deemed blind by the Massachusetts State Ethics Commission. Since January 1, 2003, neither Mr. Romney nor Mrs. Romney has had any control over any of the assets acquired or disposed of by the Reporting Entities and neither Mr. Romney nor Mrs. Romney has previously received any reports identifying specific assets currently held by any of the Reporting Entities."
Who exactly is R. Bradford Malt? And just how blind can a trust be if it is run by the same man who also runs the family's non-profit?
... Romney's own family nonprofit, The Tyler Charitable Foundation, was also cut into numerous Bain deals. The nonprofit, run by Bradford Malt -- the Romney personal attorney who oversees all of the candidate's financial holdings -- passed those stock earnings along to a variety of other charities, including the church.
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