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The Boston Globe


Political Notebook

Romney aides explain trusts

JACKSONVILLE, Fla. - Mitt Romney’s campaign sought yesterday to explain complexities in his financial trusts, following his assertion in Thursday’s debate that investments related to Fannie Mae and Freddie Mac were made without his knowledge.

The trustee who manages Romney’s money said those investments were made through a charitable trust “operated on a totally blind basis’’ that Romney did not control. He also said that the investment related to Fannie Mae and Freddie Mac, quasi-public agencies that many conservatives blame for the housing crisis, has been sold.

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