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When Mitt Romney Attacked Ted Kennedy About His Blind Trust

Mitt Romney defends his investments in the Cayman Islands and elsewhere on the grounds he can't control money in a "blind trust." But in 1994 Romney was attacking his opponent, Senator Ted Kennedy, over his blind trust's investments, calling the move "an age-old ruse."

Posted on January 27, 2012, at 11:06 a.m. ET

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Romney said "The blind trust is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don't invest in properties which would be in conflict of interest or where the seller might think they're going to get an advantage from me." The attack was a focus of Romney's during his now infamous Senate debate with Ted Kennedy. Interestingly, the attack led to what many believe was the kill shot for Kennedy on Romney. Kennedy said stonily to Romney, "Mr. Romney, the Kennedys are not in public service to make money. We have paid too high a price."