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Obama's Treasury Secretary Nominee Gets Free Pass on Cayman Islands Investments

evie10 Wrote: Feb 14, 2013 9:31 AM
Let's see if we've got this right - conservatives with money in the Caymans - bad and evil - Liberals with money in the Caymans - great fiscal experts looking out for the little guy. That about right?

Remember when Mitt Romney was repeatedly berated by President Obama and his campaign team for having perfectly legal investments in the Cayman Islands? As a reminder:

Romney has large investments in notorious overseas tax havens like the Cayman Islands and Bermuda. He had $3 million stashed away in a Swiss bank account that was closed in recent years for fear of political embarrassment.

It turns out, President Obama's former Chief of Staff Jack Lew, who has been nominated to replace Turbo-Tax Timonthy Geithner as Treasury Secretary, also had large investments in "notorious overseas tax...