Wednesday, April 18, 2012

ROMNEY CRITICIZED KENNEDY FOR BLIND TRUST IN 1994 SENATE DEBATE - VIDEO

ROMNEY CRITICIZED KENNEDY FOR BLIND TRUST IN 1994 SENATE DEBATE - VIDEO

By Theresa Poulson | Friday, January 27, 2012 | 11:01 a.m.

BuzzFeed has dug up footage of Republican presidential candidate Mitt Romney questioning Democrat Edward Kennedy over the then-senator's blind trust in a 1994 Senate debate. During the campaign, he called Kennedy's blind trust "a ruse," arguing that it is easy to determine where one's money is going.

But that's not the tune the former Massachusetts governor was singing on Thursday.

At the CNN debate, rival candidate Newt Gingrich accused Romney of making investments that fueled the housing crisis. Romney responded by saying that his investments in Fannie Mae and Freddie Mac were part of mutual funds invested through a blind trust, managed by a trustee. (According to Romney's financial disclosure forms and his campaign, not all of his mutual funds were part of a blind trust; they were part of a charitable trust.)