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View Diary: Can Mitt even GET a security clearance? (255 comments)

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  •  We don't know he failed to disclose the accounts (4+ / 0-)

    The IRS requires disclosure. Having a foreign bank account by itself does not mean you have "a place to park untraceable money," as the diary states, because you have to disclose the accounts - simply hiding money there is a criminal offense (such accounts can be used in ways that attempt to evade or defer taxes, but it is more sophisticated than just hiding the money). If Romney did fail to disclose and later took advantage of the amnesty, that is indeed a black mark on his record, but we don't know that happened.

    •  Actually (4+ / 0-)

      we do know that he failed to disclose his Swiss accounts

      Mitt Romney's campaign is amending the financial disclosure form he filed in 2011 to acknowledge that a Romney trust earned interest income from a Swiss bank account, a detail that had been missing from the report.

      "An amendment is being filed to address this minor discrepancy," a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.

      "The inescapable fact is that by releasing over 600 pages of information regarding his finances, Mitt Romney is clearly coming down on the side of disclosure," said Andrea Saul, a campaign spokeswoman, in a subsequent statement. "Any document with this level of complexity and detail is bound to have a few trivial inadvertent issues. We are in the process of putting together some minor technical amendments, which will not alter the overall picture of Gov. and Mrs. Romney's finances as disclosed in August."

      The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney's money manager, Brad Malt, had shuttered it in early 2010.

      Several Republican election lawyers told ABC News Thursday that the account still needed to be disclosed because a Romney trust earned about $1,700 in income on the account during 2010. The campaign's decision to amend the forms was first reported by the Los Angeles Times.

      "Cuz nothing says respect for human life better than guaranteeing that everybody with five synapses to rub together has access to 100-round magazines." Meteor Blades

      by sailmaker on Fri Sep 14, 2012 at 04:54:06 PM PDT

      [ Parent ]

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