[UPDATE Following is probably wrong; Romney disclosed a UBS money market account way back in 2007. Thanks to an alert reader for spotting the error.]
So Mitt Romney announces at 5:16 on a Friday that he’s filing for an extension on his 2011 tax returns, and Chris Cillizza games out the politics. But Cillizza, along with the rest of the national press corps, is silent on the most explosive possibility: that the Swiss bank account that shows up in the 2009 return hadn’t been disclosed in previous returns, and was reported only as the result of Romney’s accepting the IRS’s amnesty offer for people who had been illegally concealing foreign bank accounts but feared that their names might be among those revealed by UBS in its settlement with the feds.
If that’s true, and it comes out, I think Romney is probably toast: it means that for some number of years Romney signed a tax return containing the false statement that he had no foreign bank account. The voters are unlikely to be understanding.
Of course, it might not be true. But I’m still waiting for any coherent explanation of why Romney thought he needed $3m in a Swiss account.