The chair of the Democrat National Committee, Florida Congresswoman Debbie Wasserman Schultz, has been all over television bashing GOP presidential nominee Mitt Romney for his offshore accounts.
It turns out that Schultz herself parked money in Swiss bank accounts and other overseas investments, according to reporting by the Weekly Standard.
…disclosure forms reveal that in 2010, 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 a major Swiss banking firm.
The Weekly Standard’s reporting also found that in 2004, Wasserman Schultz invested in an international mutual fund that in turn had a series of overseas investments including–
…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…
The hypocrisy, though, is clear: The Democrats, as well as President Obama, hope to paint Romney as an out of touch man for holding money in overseas bank accounts, when in reality their own chairman, Wasserman Schultz, had overseas investments.
Wasserman Schultz has also called upon Romney to release more tax returns even though she has refused to release any of her own.
Separately, Comedy Central’s Jon Stewart, a very rich man, also seemed to fall victim to hypocrisy for his Romney wealth bashing.
Romney’s assets have evidently been in a blind trust, which means that a money manager was running things, but the former Massachusetts governor has since closed his Swiss bank account and straightened out most of his overseas holdings.