Oops: DNC Chair, Fresh from Slamming Romney's Overseas Investments, Has Overseas Investments

Liberal hoarse whisperer Josh Marshall wrote the following a few days ago:

I’ll just say it: I don’t think the political pundit class understands just how toxic the Swiss/Caymans/Bermuda accounts issue is for Romney. Not that they don’t know it’s a liability at all. But I don’t think they realize the extent of it.


The post was entitled “Kryptonite,” a not at all subtle hint that the issue would kill Mitt Romney. It also likened Mitt to Superman and the fight for the American way, which Marshall probably didn’t intend.

Only one of the candidates in the race has made a connection between himself and the caped crusader.

And here’s a sliver of kryptonite for him:

But disclosure forms reveal that in 2010, [DNC Chairman Debbie] Wasserman Schultz invested between $1,001-$15,000 in a 401k retirement fund run by Davis Financial Fund. As the fund discloses, it is invested in the Julius Baer Group Ltd. and the State Bank of India GDR Ltd., as well as other financial, insurance, bank institutions.

“The Julius Baer Group is the leading Swiss private banking group, focusing exclusively on the demands of sophisticated private clients, family offices and external asset managers from around the world,” its website explains. “Bank Julius Baer is the principal operating company of the Julius Baer Group, with origins dating back to 1890. The rich Swiss heritage becomes manifest in the values for which the Bank stands, e.g. trustworthiness, accountability, discretion and expertise. However, at the same time Julius Baer is a modern, forward-looking company at the leading edge of a genuine growth industry.”

Similarly, according to disclosure forms from 2004, Wasserman Schultz had holdings in the Fidelity Advisor Overseas Fund. That fund is invested in HSBC bank (a British financial institution), Hengdeli Holdings (a Hong Kong watch company), Novo Nordisk (a Danish drug company), Volkswagen (a German auto company), Rakuten (a Japanese shipping business), Richemont Cie Financiere (a Swiss luxury goods company), and many others.


If overseas investments are “toxic” for Romney, they’re also toxic for the Democrat Party chairman hand-picked for that role by President Barack Obama.

At least, until the likes of Josh Marshall conjure some sophistry to argue otherwise.


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