comsc US Politics | AMERICAblog News: Goldman Sachs and their partnership with Romney
Join Email List | About us | AMERICAblog Gay
Elections | Economic Crisis | Jobs | TSA | Limbaugh | Fun Stuff

Goldman Sachs and their partnership with Romney

| Reddit | Tumblr | Digg | FARK

While it's not surprising that a high earner like Romney has deep personal links to Goldman, it's still a concern and something to watch out for in the future. He has a lot to personally gain - blind trust or not - by making life easy for Goldman Sachs. NY Times:

DealBook perked up when it saw that many of the assets described in Mr. Romney’s returns were held in blind trusts managed by Goldman Sachs. As beneficiaries of a blind trust, Mr. Romney and his wife, Ann, would not have picked the individual stocks contained in their trusts’ portfolios. But by examining the trusts’ 2010 returns, a picture emerges of how the Romneys have benefited from – and been hurt by – Goldman’s investment decisions. In that year, two Romney trusts – the Ann and Mitt Romney 1995 Family Trust and the W. Mitt Romney Blind Trust – made nearly $2.8 million in combined capital gains from their Goldman investments, according to the trusts’ filings. Almost all of those gains, nearly $2.7 million, were long-term gains made by selling securities that the trusts had owned for more than a year.

blog comments powered by Disqus