Does Mitt's Secret 1040 Show He Made Money Off the Great Bailout of 2008?

[Octafish]

Last edited Fri Sep 28, 2012, 09:33 PM - Edit history (1)

I wonder? I do know the BFEE and its Repuke toadies across America got a piece of that action,
thanks to their made-man, Phil Gramm of deregulating banks as a Texas Senator and now Vice Chair of a Swiss one fame. A real swell fellah, helping offshore the Trillions with a T on behalf of, if not Mitt, the likes of Mitt.

PS: What makes me even more ashamed as a citizen of the United States and seeing criminality, corruption and treason go unprosecuted is that his warmongering bosses aren't in jail yet.

[99th_Monkey]

1. That's a great question. ~nt

[Octafish]

4. Just 'cause they worked in high government office doesn't mean the crooks are immune to prosecution.

Yet, nothing happens to them when the TRUTH is revealed.

Now it's one thing when a lowly blogger writes about the BFEE, it's another when a top name journalist writes about the corrupt dots.

In the present case, Robert Scheer named names and connected the putrid dots between Phil Gramm, the myriad corrupt elements in the United States government, and a Swiss bank remarkable in its corruption, yet nothing happened. No major network or news media pick up on the story.

[99th_Monkey]

9. Surely during his second term, huh.

I wasn't sure whether to use the sarcasm thingy or not.

[silvershadow]

2. If he didn't, I bet it wouldn't be for lack of trying. Great question. n/t

[Octafish]

6. Romney and Gramm arelikethis. In fact, Mitt trotted the little fellah out the other day...

Thanks to Juanita Jean:

Holy Crap. Phil Gramm? Seriously, Romney? You Are Parading Out Phil Gramm? Phil Gramm?

September 24, 2012 By: Juanita Jean

Okay, out in West Texas it is said that there are water wells so deep that you have to strain the rice out before you can drink it.

Mitt Romney’s campaign is now straining the rice out. You cannnot go deeper and lower than he’s gone.

He is sashaying out Phil Gramm. Paul Krugman explains.

But what really boggles my mind is the Romney campaign’s evident belief that it gains credibility by rolling out Phil “Mental Recession” Gramm as a spokesman. Gramm is best known these days for dismissing the risks to the economy when a recession was already underway and a catastrophic crisis was just around the corner, meanwhile denouncing us as a “nation of whiners”.

So, you’ve got a guy who thinks we’re whiners because we won’t buck up and take the economic beating he and his friends have given this country. A guy who could very well be heading to prison for helping rich dudes (yeah, I’m looking at you, Mitt Romney) illegally hide money while he was vice-chair of the Swiss Bank, UBS.

What? This is hush-attention? Phil Gramm will keep his mouth shut about Romney’s hidden money if Romney lets him screw this country one more time?

Seriously, Romney. You need a big ole mug of reality.

Seriously.

SOURCE: http://juanitajean.com/2012/09/24/holy-crap-phil-gramm-seriously-romney-you-are-parading-out-phil-gramm-phil-gramm/

Where there are secret Swiss bank accounts, there's money. And when there's money off-shore, there's tax dodging. Thanks to the BFEE, it's world class.

[silvershadow]

11. The Phil Gramm who retired under a cloud of suspicion over the Enron scandal?

That Phil Gramm?

http://www.villagevoice.com/2002-01-15/news/phil-gramm-s-enron-favor/

[zbdent]

3. hmm ... 12 years of returns might expose a bunch of infamous

"put" options on airlines ...

[Octafish]

7. A Steel Skeleton in Mitt's Closet

Would not surprise me one iota, the guy's connected to the BFEE four ways to Doomsday. Just one thing we know:

When Romney sought (and received) a bailout

By Steve Benen
Washington Monthly Blog
January 06, 2012 12:35 PM

It’s a familiar story: Mitt Romney’s Bain Capital takes over a company, the company is ruined, and Romney and his investors make millions. But few of these stories look worse than the circumstances surrounding GST in Kansas City.

Reuters reports today on the “steel skeleton in the Bain closet” — a Missouri steel company called GS Technologies, which had been operating since 1888. Romney and his team took over in late 1993, and the only folks who benefited were at Bain Capital. (via T.O.A.)

Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they’d been promised, and their pension benefits were cut by as much as $400 a month.

What’s more, a federal government insurance agency had to pony up $44 million to bail out the company’s underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

CONTINUED (w LINKS)...

http://www.washingtonmonthly.com/political-animal/2012_01/when_romney_sought_and_receive034570.php

So. Millionaires get multi-million-dollar bailouts and billionaires get multi-billion-dollar bailouts -- and THEY GET TO KEEP THE MONEY THEY STEAL BY MOVING IT TO SWITZERLAND. Of course, We the People can expect nothing as we are the loafing leeches. What shocks me is how many people go along with it. What's worse, they don't even think about it.

[Overseas]

13. I am surprised that this Bain bailout didn't get more media attention.

So many of the TV pundits try to pretend that he was a great businessman. Even now, with all that we know.

[malaise]

5. Probably

Rec

[Octafish]

8. Thank you, malaise. Have you seen the names on Gramm's UBS Vice Chairman home page?

It's a Buy-Partisan Who's Who:

President William J. Clinton
President George W. Bush
Robert J. McCann
James Carville
John V. Miller
Paula D. Polito
Anthony Roth
Mike Ryan
John Savercool

SOURCE: http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

From what I understand, these good folks are not on the UBS payroll, as such. Just invitees to talk about their foundations and interests and jazz. Wonder how much more they get than unlimited use of the executive washroom rather than the public facilities.

During BCCI's heyday, the bank would open an account for a politician, say.

BCCI's method and scope of operations in Peru parallelled its functions in most, if not all, other countries. First, officers of the bank cultivated favorable relationships with powerful members of government and the private sector. Second, BCCI sought to do business in Peru with the hope of securing the high net worth depositors upon which its operations depended regardless of the source of the deposits. Finally, the bank conducted the full range of highly suspect or outright illegal activities that it conducted in other countries, including allegedly giving bribes and kickbacks, hiding money in numbered accounts, evading regulatory inspection, and laundering stolen government funds and drug profits.

Today, it's more sophisticated than that. Probably.

[banned from Kos]

10. No. His 2008 return is worse - it would show he paid Zero in taxes.

because of a lack of capital gains.

2008 was a brutal year for (long) investors.

[Overseas]

12. K&R. Very well could be that he did.