Page 1 of 2 12 LastLast
Results 1 to 10 of 16

Thread: Ann Romney trust invested in fund that exited sex-site firm

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 09:39 PM
    Gender
    Lean
    Conservative
    Posts
    39,756

    Ann Romney trust invested in fund that exited sex-site firm

    NEW YORK (Reuters) - A blind trust in the name of Ann Romney, wife of Republican U.S. presidential hopeful Mitt Romney, was an investor in a fund run by Goldman Sachs Group Inc that had invested in a media company which critics say facilitates sex trafficking. While there is no suggestion the Romneys knew about the investment, the disclosure highlights the difficulty for politicians and their families when they invest in blind trusts that are supposed to protect them from conflicts of interest and ethical questions.
    And here is the quandry - On one hand, candidates are expected to to put all their investments in a blind trust. Of course, they don't have to do that by law, but if they don't, then people raise questions as to whether they have a conflict of interest. On the other hand, if the blind trust contains investments in pornography, then people bring up the distasteful nature of the candidate's investments. Let me make this perfectly clear - There is absolutely no indication that the Romneys knew that any of their money was invested in a site that promoted sex trafficking. So why the hell is this news? See what I mean?

    I believe that a candidate running for office should put his money into a trust, but I also believe that a candidate should be able to put his money into a trust that is not blind, so that he or she is able to have some control over what is invested in his or her name.

    To me, this makes sense. What about you?

    Article is here.
    Last edited by danarhea; 04-03-12 at 11:36 AM.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Sage

    Join Date
    Nov 2009
    Last Seen
    Today @ 11:12 AM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,358

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by danarhea View Post
    And here is the quandry - On one hand, candidates are expected to to put all their investments in a blind trust. Of course, they don't have to do that by law, but if they don't, then people raise questions as to whether they have a conflict of interest. On the other hand, if the blind trust contains investments in pornography, then people bring up the distasteful nature of the candidate's investments. Let me make this perfectly clear - There is absolutely no indication that the Romneys knew that any of their money was invested in a site that promoted sex trafficking. So why the hell is this news? See what I mean?

    I believe that a candidate running for office should put his money into a trust, but I also believe that a candidate should be able to put his money into a trust that is not blind, so that he or she is able to have some control over what is invested in his or her name.

    To me, this makes sense. What about you?

    Article is here.
    Because of the potential for conflicts of interest, I am in favor of blind trusts for politicians.

    This story simply reflects the tabloid era of journalism we have today. Sensational versus newsworthy is what wins.

  3. #3
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by danarhea View Post
    And here is the quandry - On one hand, candidates are expected to to put all their investments in a blind trust. Of course, they don't have to do that by law, but if they don't, then people raise questions as to whether they have a conflict of interest. On the other hand, if the blind trust contains investments in pornography, then people bring up the distasteful nature of the candidate's investments. Let me make this perfectly clear - There is absolutely no indication that the Romneys knew that any of their money was invested in a site that promoted sex trafficking. So why the hell is this news? See what I mean?

    I believe that a candidate running for office should put his money into a trust, but I also believe that a candidate should be able to put his money into a trust that is not blind, so that he or she is able to have some control over what is invested in his or her name.

    To me, this makes sense. What about you?

    Article is here.
    I think the 545 people who run the country should only have blind trusts. I also believe those comparable leaders on the state level should have to do the same.

    Don't want to give up your autonomy to invest? Don't run for public office.

    Edit: One has to wonder how a reporter dug this up. If I were the Romneys, I'd move my entire portfolio from Goldman Sachs.
    Last edited by MaggieD; 04-03-12 at 11:50 AM.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

  4. #4
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 09:25 PM
    Lean
    Very Liberal
    Posts
    93,331
    Blog Entries
    2

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by danarhea View Post
    And here is the quandry - On one hand, candidates are expected to to put all their investments in a blind trust. Of course, they don't have to do that by law, but if they don't, then people raise questions as to whether they have a conflict of interest. On the other hand, if the blind trust contains investments in pornography, then people bring up the distasteful nature of the candidate's investments. Let me make this perfectly clear - There is absolutely no indication that the Romneys knew that any of their money was invested in a site that promoted sex trafficking. So why the hell is this news? See what I mean?

    I believe that a candidate running for office should put his money into a trust, but I also believe that a candidate should be able to put his money into a trust that is not blind, so that he or she is able to have some control over what is invested in his or her name.

    To me, this makes sense. What about you?

    Article is here.
    First off, Ann Romney did nothing wrong here.

    Second off, I prefer blind trusts for the very reason they are used, it eliminates the appearance of conflicts of interest.

    Third off, who cares if the blind trust invested in porn? It is legal.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

  5. #5
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 05:52 PM
    Gender
    Lean
    Libertarian
    Posts
    4,733

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by Redress View Post
    First off, Ann Romney did nothing wrong here.

    Second off, I prefer blind trusts for the very reason they are used, it eliminates the appearance of conflicts of interest.

    Third off, who cares if the blind trust invested in porn? It is legal.
    Just a question, was it porn or sex trafficing?

    Otherwise, I totally agree.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  6. #6
    He's the most tip top
    Top Cat's Avatar
    Join Date
    Jul 2011
    Last Seen
    Today @ 05:09 PM
    Gender
    Lean
    Liberal
    Posts
    22,299

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by MaggieD View Post
    I think the 545 people who run the country should only have blind trusts. I also believe those comparable leaders on the state level should have to do the same.

    Don't want to give up your autonomy to invest? Don't run for public office.

    Edit: One has to wonder how a reporter dug this up. If I were the Romneys, I'd move my entire portfolio from Goldman Sachs.
    I actually agree with this. While the investments are blind, one certainly has to questions GS' judgement on this.

  7. #7
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 07:01 PM
    Gender
    Lean
    Liberal
    Posts
    23,373

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by Redress View Post
    First off, Ann Romney did nothing wrong here.

    Second off, I prefer blind trusts for the very reason they are used, it eliminates the appearance of conflicts of interest.

    Third off, who cares if the blind trust invested in porn? It is legal.
    Blind trusts are like the Super Pacs, there is no such thing as rich people having no say in where there money is invested any more than Romney has no say in what his Super Pac does. It's a JOKE.

  8. #8
    Guru

    HonestJoe's Avatar
    Join Date
    Oct 2011
    Last Seen
    Today @ 02:58 PM
    Gender
    Lean
    Independent
    Posts
    3,497

    Re: Ann Romney trust invested in fund that exited sex-site firm

    So the story here is that the candidate's wife's blind-trust's investor's investment's company's website might have some involvement with sex trafficking?

    I don't know why she swallowed the fly. :-)

  9. #9
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 09:39 PM
    Gender
    Lean
    Conservative
    Posts
    39,756

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by Redress View Post
    First off, Ann Romney did nothing wrong here.

    Second off, I prefer blind trusts for the very reason they are used, it eliminates the appearance of conflicts of interest.

    Third off, who cares if the blind trust invested in porn? It is legal.
    Of course, the Romneys did nothing wrong, but a newspaper was still able to put up a headline that compromises them. If the Romneys were allowed to review their investments once in a while, they could put their money somewhere else, and fire Goldman Sachs.
    The ghost of Jack Kevorkian for President's Physician: 2016

  10. #10
    Liberal Fascist For Life!


    Redress's Avatar
    Join Date
    Mar 2008
    Location
    Georgia
    Last Seen
    Today @ 09:25 PM
    Lean
    Very Liberal
    Posts
    93,331
    Blog Entries
    2

    Re: Ann Romney trust invested in fund that exited sex-site firm

    Quote Originally Posted by danarhea View Post
    Of course, the Romneys did nothing wrong, but a newspaper was still able to put up a headline that compromises them. If the Romneys were allowed to review their investments once in a while, they could put their money somewhere else, and fire Goldman Sachs.
    I was not blaming you for the headline.

    I prefer blind trusts because if they can review, they open up the appearance(not the actuality) of conflict of interest.
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •