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RandySF

(58,493 posts)
Mon Jan 23, 2012, 11:55 PM Jan 2012

Romney invested in Fannie and freddie Mac (AJC)

While continuing to hammer Gingrich for his consulting work for Freddie Mac, the Romney campaign sought to deflect questions about the former Massachusetts governor's investments. They include a mutual fund worth up to $500,000 that includes assets from both lenders among other government income, and separate investments in each of the lenders in Romney's individual retirement account, each worth between $100,000 and $250,000.

Romney campaign officials said Monday that a trustee handles the investments and that Romney had no role in choosing or managing them.

The tax returns Romney planned to release Tuesday could provide new details about his investments and his annual take as founder of the Bain Capital private equity firm. Gingrich released his own 2010 federal tax return last weekend, during a South Carolina GOP debate, and his campaign said he would disclose his full contracts with Freddie Mac on Monday night just before the debate in Tampa, Fla.


http://www.ajc.com/news/nation-world/romney-defends-investments-readies-1313843.html

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