Today’s Boston Globe carries a “see-no-evil” AP story piously headlined “Governor to use a trust to avoid conflict”. The story is that Governor Deval Patrick will place his financial assets into a blind trust, which the paper reports is “expected to be completed this week”. Without commenting on Patrick’s tardiness the Globe reports that: Governor Mitt Romney created a blind trust for his stocks when he took office in January 2003.
Patrick took office in January 2007, Today is the last day of May. If Patrick gets his assets into a trust by next week, it will have taken Patrick 5 months to do this -- something that Romney did his first month in office (probably before his first day in office). Excuse me for cynicism, but if a Republican Governor took 5 months to put his assets into a trust, I doubt the Globe would report the news so calmly. The Globe story does not say why Patrick has waited until this moment to make such an announcement. But the story does give a Pravda-like hint.
Patrick owns stock in more than 80 companies, some of which are regulated by the state or could be affected by legislation that might come across his desk, according to a statement of financial interest filed with the State Ethics Commission.
Probably (again a cynic might suspect) it was the requirement for this filing which pointed out to Patrick’s crack team that holding these assets himself rather than in a trust was a violation of state law. It seems to me that this type of “see no evil” reporting (more precisely “see no incompetence” reporting) shows how much blind trust the Globe places in Deval Patrick.
If you want the real story on this matter, you probably have to check the Herald.
UPDATE: The Berkshire Eagle's version of the same AP story contains some "details" that were removed by the Globe (only because of a lack of space, I'm sure):
The companies listed on Patrick's financial statement include familiar names such as American Express, Bank of America, Cisco Systems, Exxon, General Electric, Lockheed Martin, Office Depot, Payless Shoes, Raytheon, Rent-a-Center, Hewlett Package[sic], Home Depot and Marvel Entertainment. The report also shows Patrick earned $711,309 in outside income during 2006, when he was campaigning for governor. That included: $348,445 from the Coca-Cola Co., where he served as a former senior executive; $209,804 from Reebok International Ltd., where he served as a former director; and $2,174 from Texaco Group LLC, where he served as a former senior executive.















