Sunday, October 28, 2012

Investing in the son

Commenter B.D. responded to my post yesterday that included his comment about Romney and voting machines. This time B.D. included a link to his source.

Though I didn't read every word of the article (it is rather lengthy) I didn't find a mention of voting machines. Even so, Romney's "crony capitalism" would lead to more conflicts of interest. After Romney dropped out of the race in 2008 he set his son Tagg up with an investment company and a huge network of people willing to invest.

If Mitt Romney becomes president his assets go into a blind trust. He would supposedly be able to set national policy without knowing how it affects his personal wealth (though I'm skeptical). But Tagg Romney's assets do not. And Tagg is a big part of his father's campaign and would, no doubt, make his views known to his dad the prez.

Of course investors know this. Many are investing precisely because they know this would be a backdoor way to influence gov't policy.

No comments:

Post a Comment