> He doesn't own the company.
> Presidents don't have to sell any of their holdings. assets Their
> holdings are put in a blind trust., AS NOTED BELOW.
> I thought you liberals would have known that.
>
> _Romney plans to use federal _
> (http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&ved=0CCIQFjAA&url=http://finance.yahoo.com/news/rom
> ney-plans-federal-blind-trust-elected-215458358.html&ei=g1qUUNTWKIzE9gS89YC4
> DA&usg=AFQjCNHwNC3ofOhPKr_TTjvk8xM2Ni7SDw)
> blind trust if elected - Yahoo! Finance
> finance.yahoo.com/.../romney-plans-federal-blind-trust-elected-2154..._Cache
> d_
> (http://webcache.googleusercontent.com/search?q=cache:ywyDxYFxBD0J:finance.yahoo.com/news/romney-plans-federal-blind-trust-elected-215458358.html+&cd
> =1&hl=en&ct=clnk&gl=us)
> You +1'd this publicly. _Undo_ (https://www.google.com/#)
> Jun 7, 2012 – ... as much as $250 million, his campaign said Wednesday
> that he plans to put his holdings in a federal blind trust if he is elected
>
> president
>
"
Wall Street Journal
"It would be a financial yard sale of epic proportions.
If Mitt Romney is elected president, he likely would have to sell big
chunks of his investment portfolio to comply with federal rules and to
ward off political problems, according to several government-ethics
experts and someone familiar with his finances.
Enlarge Image
Boston Globe/Getty Images
Mitt Romney ran private-equity firm Bain Capital for 15 years.
Mr. Romney 's assets, valued at between $190 million and $250 million,
include investments in hedge funds, private-equity funds and
partnerships at Bain Capital , which he ran for 15 years. These
entities have ownership stakes in dozens of companies that could be
affected by government action, such as radio firm Clear Channel
Communications Inc. and a video-surveillance firm based in China.
Many businessmen and wealthy individuals have entered government
service and sold off holdings. But a Romney sale would be especially
complicated. Investments private-equity funds can be difficult to
value and seldom change hands. Any sale would have to be handled
carefully to avoid any appearance that the incoming president was
getting favorable treatment from a buyer.
Federal ethics laws aim to inform the public about an officeholder's
personal assets and to guard against conflicts of interest between
official duties and personal investments. Presidents, vice presidents
and members of Congress are among those exempt from
conflict-of-interest laws, but not from the requirement they fully
divulge their holdings.
Enlarge Image
More
Private-Equity Firms Try to Repair Image
Because some funds Mr. Romney invests in don't detail their holdings,
he may have trouble meeting the disclosure requirement. There might be
ways he could do so without selling, but most ethics experts believe
keeping the assets would be unlikely.
"I think a lot of this is going to have to be sold," said Richard W.
Painter, a former chief ethics lawyer in the George W. Bush White
House and a Romney supporter.
Even if a future President Romney could satisfy federal disclosure
rules without selling, Mr. Painter said, there would be so many
possible conflicts of interest in the portfolio he would be wise for
political reasons to sell any but the blandest assets.
"If I were the ethics lawyer in the White House and he were the
president, my advice would be to just get rid of" many of the
holdings, he said."
--
"I have money on GOD"
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