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MSNBC.com

By NBC’s Ali Weinberg

6/8/12

Swiss bank accounts. Money hidden in the Cayman Islands. Bain capital income.

The Obama campaign warned Thursday that Republican presidential candidate Mitt Romney will have full access to those three pots of money and more unless he puts his investments in a federally-recognized blind trust.

Seizing on the Romney campaign’s announcement Wednesday that the candidate would only turn his holdings over to a federal trust if and when he becomes president, the Obama campaign claimed that Romney’s decision not to do so sooner underscores the point they’ve been trying to make about him: He’s wealthy, which makes him out of touch, and sometimes evasive about his wealth, which makes him untrustworthy.

Because Romney’s current blind trust isn’t recognized by federal standards, under which trusts are overseen by the Office of Government Ethics, it isn’t really “blind” because Romney’s personal attorney, with whom Romney can easily communicate, oversees it, Obama spokesman Ben LaBolt asserted today during a conference call with reporters.

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