Federal law requires that candidates disclose stock holdings that are affected by government action—and Romney’s million-dollar (at least) investment in a hedge fund that bought up Delphi stocks surely fits that bill… Under any rational interpretation of the Ethics in Government Act of 1978, these are holdings that a presidential candidate would need to disclose, because they can be affected by government action.”
The event on Thursday was held in Toledo, OH. A strongly worded letter was sent to Mr. Don Fox, General Counsel and Principal Deputy Director, United States Office of Government Ethics. Excerpts from the letter reads as follows:
“We are writing to provide you with further evidence of the pressing need to conduct the investigation we requested in our previous letter of August 23, 2012 into presidential candidate Mitt Romney’s financial disclosures, which do not appear to be in compliance with the Ethics in Government Act, 5 U.S.C. App. § 101 et seq.
As we stressed in our initial letter, those disclosures lack information about the candidate’s stock holdings which the public has a right to know. As you are aware, the Act requires candidates for federal office to disclose their financial holdings so that the public can identify potential conflicts of interest and personal economic priorities of federal officials and candidates. While some officials use blind trusts to satisfy these disclosure requirements, Mitt Romney himself has said “The blind trust is an age-old ruse, if you will. Which is to say you can always tell a blind trust what it can and cannot do.”