Romney: Blind Trusts Only Put Money Offshore If Trustee Approves

VIDEOMitt Romney often uses the excuse that his money is managed in a blind trust to deflect criticism of his many offshore accounts in the Cayman Islands and Swiss bank accounts.  However, back in 1994, Romney explained that using a blind trust does not absolve the trustee of responsibility for the decisions made regarding the blind trust.  When Romney was campaigning for Senate in 1994 he said, “The blind trust is an age old ruse, if you will.  You can always tell the blind trust what it can and cannot do.  You give a blind trust rules.”

 

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