Facing renewed criticism from the Obama campaign and new questions about his offshore investments in recent reports, Mitt Romney said on Monday that his offshore investments were managed by a blind trust and he had no knowledge of their whereabouts.
"I don’t manage them," he said in an interview with Radio Iowa's O. Kay Henderson. "I don’t even know where they are. That trustee follows all U.S. laws. All the taxes are paid, as appropriate. All of them have been reported to the government. There’s nothing hidden there. If, for instance, you own shares in Renault or Fiat, you still have to disclose that in the United States."
Added Romney: "So, you know, I understand the president’s going to try to do anything he can to divert attention from the fact that his jobs record is weak and he has no plan to make things better."
(Listen to the full interview here.)
The assets in Romney's financial disclosures are kept either in blind trusts, with lawyer Bradford Malt serving as a trustee, or retirement accounts, according to a recent Vanity Fair article. The trusts, however, have some investments in firms with ties to the Romneys. The article also investigated Romney's now closed Swiss Bank account and as much as $30 million held in the Cayman Islands, from which the Romney campaign says he derives no tax advantage.
The Associated Press reported last week on Sankaty High Yield Asset Investors Ltd., a Bermuda investment company that Romney owned and transferred to his wife's trust the day before he was sworn in as Massachusetts governor.
The Obama campaign and its surrogates have jumped on the reports. "The relevance is this -- that Governor Romney can’t claim that his state actually was great at creating jobs when he was governor, so he’s fallen back and said, 'Look, vote for me. I was a businessman. I created jobs,'" Maryland Gov. Martin O'Malley said Sunday on ABC's "This Week." "You want to talk about going the way of Europe -- what went the way of Europe were the Swiss bank accounts and the American dollars that Mitt Romney stuffed in that offshore Swiss bank account."
With A Little Help From My Friends (Joe Cocker)
<strong><a href="http://www.huffingtonpost.com/2012/05/28/mitt-romney-will-not-repu_n_1551540.html" target="_hplink">(May 28, 2012) --</a></strong> Despite a resurgence of <a href="http://www.thedailybeast.com/articles/2012/05/25/mitt-romney-s-new-bff-donald-trump.html" target="_hplink">Donald Trump's birther claims</a>, Romney refused to repudiate the billionaire, who has been helping with his 2012 campaign efforts. "You know, I don't agree with all the people who support me ... I need to get 50.1 percent or more and I'm appreciative to have the help of a lot of good people," Romney said. (Photo by Ethan Miller/Getty Images)
Who Let The Dogs Out (Baha Men)
<strong><a href="http://www.huffingtonpost.com/2012/04/16/mitt-romney-seamus_n_1429925.html" target="_hplink">(April 16, 2012) -- </a></strong> In an interview with ABC's Diane Sawyer, Romney discussed the political fallout over strapping his dog Seamus to a car roof. He admits that he probably would not do it again. (Handout)
It's The End Of The World As We Know It (R.E.M.)
<strong><a href="http://www.huffingtonpost.com/2012/04/04/mitt-romney-medicare-president-obama_n_1403267.html" target="_hplink">WASHINGTON, D.C. (April 4, 2012) --</a></strong> Speaking before the Newspaper Association of America, Romney attacked Barack Obama on his health record, claiming the president "has taken a series of steps that end Medicare as we know it." (Photo: Jim Watson/AFP/Getty Images)
For The Love Of Money (The O'Jays)
<a href="http://www.huffingtonpost.com/2012/03/14/mitt-romney-i-made-a-lot-of-money_n_1345516.html" target="_hplink"><strong>NEW YORK, N.Y. (March 14, 2012) -- </strong></a> Romney became testy on Fox News while discussing his appeal to lower-income voters. On the same day, Occupy Wall Street protesters staged a demonstration outside Mitt's Waldorf Astoria hotel fundraiser. (Photo: Emmanuel Dunand/AFP/Getty Images)
People Are Strange (The Doors)
<strong><a href="http://www.huffingtonpost.com/2012/03/09/mitt-romney-south_n_1334478.html" target="_hplink">PASCAGOULA, Miss. (March 9, 2012) --</a></strong> While on the trail in Alabama and Mississippi, Romney got in touch with his Southern side, learning how to say "y'all" and liking his grits. With those new experiences in hand, he admitted that "strange things are happening to me." (Photo: AP/Evan Vucci)
Pink Cadillac (Bruce Springsteen)
<a href="http://www.huffingtonpost.com/2012/02/24/mitt-romney-cadillac_n_1299740.html" target="_hplink"><strong>DETROIT, Mich. (Feb. 24, 2012) -- </strong></a> While speaking before the Detroit Economic Club at Ford Field, Romney listed not two, not three, but four American-made cars that he and his wife, Ann, owned. Among the vehicles: "a couple of Cadillacs." (Photo: Scott Olson/Getty Images)
It's The Hard-Knock Life (Annie & The Orphans)
<strong><a href="http://www.huffingtonpost.com/2012/02/01/mitt-romney-very-poor_n_1246557.html" target="_hplink">TAMPA, Fla. (Feb. 1, 2012) --</a></strong> In an interview with CNN, Romney noted that he is "not concerned about the very poor," citing the social safety net for that segment of the populace. (Photo: Ethan Miller/Getty Images)
America The Beautiful
<a href="http://www.huffingtonpost.com/2012/01/31/mitt-romney-america-the-beautiful-_n_1243908.html" target="_hplink"><strong>THE VILLAGES, Fla. (Jan. 31, 2012) --</strong></a> On the eve of Florida's primary, Romney led his supporters in a singing of the patriotic song. (Photo: Emmanuel Dunand/AFP/Getty Images)
Successful (Drake, Lil Wayne)
<a href="http://www.huffingtonpost.com/2012/01/19/mitt-romney-tax-returns_n_1217708.html" target="_hplink"> <strong>CHARLESTON, S.C. (Jan. 19, 2012) -- </strong></a> During CNN's GOP debate, Romney refused to commit to disclosing his tax returns, offering no apologies for his success. (Photo: Emmanuel Dunand/AFP/Getty Images)
Bye Bye Bye ('N Sync)
<a href="http://www.huffingtonpost.com/2012/01/09/mitt-romney-i-like-being-able-to-fire-people_n_1194115.html" target="_hplink"><strong>NASHUA, N.H. (Jan. 9, 2012) -- </strong></a> In a speech about insurance options, Romney tells audience members, "I like being able to fire people who provide services to me." (Photo:AP/Charles Dharapak)
Don't Know Why (Norah Jones)
<strong><a href="http://www.huffingtonpost.com/2011/10/28/mitt-romney-embraces-climate-change-denial_n_1063905.html" target="_hplink">PITTSBURGH, Pa. (Oct. 27, 2011) --</a></strong> Back in June 2011, Romney said humans are somewhat tied to climate change. By October, he had reversed course, saying "We don't know what causes climate change." (Photo: Jim Watson/AFP/Getty Images)