Romney Invested In 10 Chinese Companies RECENTLY-including ones that embezzled-partnered with Iran

[kpete]

Romney's Stake in Chinese Stocks
The GOP candidate invested in 10 Chinese companies recently—including ones that embezzled, partnered with Iran, and stole US trade secrets.



On the campaign trail, Mitt Romney rips President Obama's policy on China and talks tough against the rising global power. "We're going to crack down on China," he said at a recent event in Ohio. "They've stolen our jobs; that's gotta stop." But according to Romney's recent tax returns, between 2008 and 2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

Through Romney's individual and family "blind" trusts—managed by his personal lawyer, R. Bradford Malt—the Romneys traded more than 25,000 shares in Chinese firms, including some based in Hong Kong. Some of these investments have previously been reported in the media and raised by the Obama campaign, but others have gone unnoticed. Overall, the stock investments netted the Romneys a profit of more than $90,000 in 2010 and 2011. (Some of the individual investments were losers.) While that sum is a pittance in light of the candidate's vast personal wealth, it represents a significant amount for ordinary working Americans. Romney has long invested in China, putting millions into Chinese firms back when he ran Bain Capital, as MoJo's DC bureau chief David Corn first exposed in several reports this summer.

..............


(just one example)

China National Offshore Oil Corporation

The Romneys invested nearly $77,000 in China National Offshore Oil Corporation from 2009 to 2011—even as US sanctions called for divestment of companies that do business with Iran's energy sector, as CNOOC does. The Chinese oil giant's parent company is helping Iran develop the North Pars natural gas field in a deal estimated to be worth $16 billion. The Romneys sold their shares in CNOOC for a profit of more than $15,000.

much, much more:
http://www.motherjones.com/politics/2012/10/romney-china-stock-investments

[Denzil_DC]

1. K & R n/t

[CthulhusEvilCousin]

2. Folks, this is a

October surprise waiting to happen. Please, PLEASE, email this to your congressmen (if they're Democrats) and to people in the media ASAP. Recommend this thread too, that way more people will see it. We really need DUers to seriously considering promoting this as much as possible.

[freshwest]

4. Okay, I'll share this.

[freshwest]

3. Look on the sunny side. He won't declare war on Iran or China...

Russia, though, is another matter...

[Tx4obama]

5. Kick! This would be a great article to cross-post in the Politics2012 forum

so that more folks would see it

[tarheelsunc]

6. Romney: Believe in America, Invest in China

[Angry Dragon]

7. Good one

[OldDem2012]

8. K & R! nt.

[aint_no_life_nowhere]

9. Do I smell an extreme conflict of interest if Romney becomes President?

How can he entertain any actions against a country where it might cost him a personal loss of $$$? George Bush was a POS but at least he liquidated his investments while running for the White House and placed his $11 million fortune in treasury notes to avoid the appearance of a conflict of interest.

[calimary]

10. Hiding more of your money, wrongney?

You couldn't find a SINGLE American company to invest in? Gotta send all that job-killing investment overseas? Maybe you want your money where you sent most of our jobs?

ASSHOLE!!!! GO AWAY!!!! AND TAKE YOUR SMUG, SHALLOW, COLD, ARROGANT, ENTITLEMENT-QUEEN WIFEY WITH YOU!!!!!

[renate]

11. this news, at this time, pleases me greatly

[amuse bouche]

12. I hate

him

[Overseas]

13. K&R. How's that for getting tough on China?

Must be some kinda stealth thing-- get them to partner with Iran in order to destroy them?

Or make a quick buck and be out of there before the foreign policy debate?