Thu Nov 1, 2012, 06:26 AM

momdogz (62 posts)

UAW Files Charges Against Romney on his Auto Bail-out Profiteering

Last edited Thu Nov 1, 2012, 06:46 AM USA/ET - Edit history (1)

This discussion thread was locked as off-topic by muriel_volestrangler (a host of the Latest Breaking News forum).

Source: Greg Palast - Investigative Reporter

At a press conference in Toledo, Bob King, President of the United Automobile Workers, will announce that his union and Citizens for Responsibility and Ethics in Washington (CREW) have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called "blind" trust.

The union chief says, "The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue,” “It’s time for Gov. Romney to disclose or divest.”

“While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,” King added.

The Romneys' gigantic windfall was hidden inside an offshore corporation inside a Limited Partnership inside a trust which both concealed the gain and reduces taxes on it.

The Romneys' windfall was originally exposed in Nation Magazine, Mitt Romney's Bail-out Bonanza after a worldwide investigation by our crew at The Guardian, the Nation Institute and the Palast Investigative Fund.

Read more: http://www.gregpalast.com/uaw-files-charges-against-romney-on-his-auto-bail-out-profiteering/

21 replies, 8940 views

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Replies to this discussion thread

21 replies	Author	Time	Post
UAW Files Charges Against Romney on his Auto Bail-out Profiteering (Original post)	momdogz	Nov 2012	OP
thanks for posting this	d_r	Nov 2012	#1
sure - not sure why it did that...	momdogz	Nov 2012	#3
thanks for letting me know - it's fixed now.	momdogz	Nov 2012	#4
"The Romneys' gigantic windfall was hidden inside an offshore corporation inside a	lunatica	Nov 2012	#2
For Pete's sakes!	ChairmanAgnostic	Nov 2012	#8
You mis-spelled 'criminal'.	Ikonoklast	Nov 2012	#15
grammarian police!	ChairmanAgnostic	Nov 2012	#16
You're right, I should be ashamed of myself.	Ikonoklast	Nov 2012	#17
much better. thanks.	ChairmanAgnostic	Nov 2012	#19
That's all we need is another fucking criminal running this country	liberal N proud	Nov 2012	#5
UAW can't file charges. Headlines is incorrect. They filed a Formal Complaint. Get Romney.	Bernardo de La Paz	Nov 2012	#6
That's what I thought. Thx - for explaining	LeftInTX	Nov 2012	#14
WOW, a November surprise!	Coyotl	Nov 2012	#7
Almost too good to be true!	whathehell	Nov 2012	#10
Smoking Gun	Shuhered	Nov 2012	#9
more exposure.....	snappyturtle	Nov 2012	#11
It's probably way too late in the campaign	vlyons	Nov 2012	#12
First posted on Monday	ProgressiveProfessor	Nov 2012	#13
All the money Thurston Howell hides the chances are good he is a billionaire.	sarcasmo	Nov 2012	#18
kick	Nancy Waterman	Nov 2012	#20
Locking - duplicate thread	muriel_volestrangler	Nov 2012	#21

Response to momdogz (Original post)

Thu Nov 1, 2012, 06:31 AM

d_r (2,831 posts)

1. thanks for posting this

Last edited Thu Nov 1, 2012, 06:55 AM USA/ET - Edit history (2)

thanks for posting this.

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Response to d_r (Reply #1)

Thu Nov 1, 2012, 06:45 AM

momdogz (62 posts)

3. sure - not sure why it did that...

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Response to d_r (Reply #1)

Thu Nov 1, 2012, 06:47 AM

momdogz (62 posts)

4. thanks for letting me know - it's fixed now.

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Response to momdogz (Original post)

Thu Nov 1, 2012, 06:36 AM

lunatica (28,848 posts)

2. "The Romneys' gigantic windfall was hidden inside an offshore corporation inside a

Limited Partnership inside a trust which both concealed the gain and reduces taxes on it."

And "...Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called "blind" trust."

Romney will sputter, "But, but, it's a blind trust for Heaven's sake!" "Ann and I don't have a clue what happens in all our blind Trust investments!"

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Response to lunatica (Reply #2)

Thu Nov 1, 2012, 07:39 AM

ChairmanAgnostic (23,990 posts)

8. For Pete's sakes!

You people are why I cannot show my taxes. You see, it's complicated.

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Response to ChairmanAgnostic (Reply #8)

Thu Nov 1, 2012, 11:04 AM

Ikonoklast (21,631 posts)

15. You mis-spelled 'criminal'.

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Response to Ikonoklast (Reply #15)

Thu Nov 1, 2012, 11:15 AM

ChairmanAgnostic (23,990 posts)

16. grammarian police!

Gosh. you people are not showing enough respect to your betters.

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Response to ChairmanAgnostic (Reply #16)

Thu Nov 1, 2012, 11:25 AM

Ikonoklast (21,631 posts)

17. You're right, I should be ashamed of myself.

Fuck Mitt Romney and the dancing horsey he rode in on.

Better?

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Response to Ikonoklast (Reply #17)

Thu Nov 1, 2012, 11:37 AM

ChairmanAgnostic (23,990 posts)

19. much better. thanks.

all this prancing around makes me work up a sweat.

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Response to momdogz (Original post)

Thu Nov 1, 2012, 06:57 AM

liberal N proud (43,720 posts)

5. That's all we need is another fucking criminal running this country

Hope to God that Obama is reelected on Tuesday with a resounding victory. I am sick of people like Romney, bu$h and others tearing this country apart for their profit.

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Response to momdogz (Original post)

Thu Nov 1, 2012, 07:11 AM

Bernardo de La Paz (7,142 posts)

6. UAW can't file charges. Headlines is incorrect. They filed a Formal Complaint. Get Romney.

Romney will rue the day he decided to let his ambition get the better of him and attract nationwide scrutiny.

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Response to Bernardo de La Paz (Reply #6)

Thu Nov 1, 2012, 09:43 AM

LeftInTX (2,242 posts)

14. That's what I thought. Thx - for explaining

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Response to momdogz (Original post)

Thu Nov 1, 2012, 07:23 AM

Coyotl (5,157 posts)

7. WOW, a November surprise!

Actually, it was an October Surprise and appeared in The Nation.

Read the full article at The Nation...
Mitt Romney's Bailout Bonanza
Greg Palast - October 17, 2012 - http://www.thenation.com/article/170644/mitt-romneys-bailout-bonanza#

This investigation was supported by the Investigative Fund at the Nation Institute and by the Puffin Foundation. Elements of it appear in Palast’s new book, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps (Seven Stories). Research assistance by Zach D. Roberts, Ari Paul, Nader Atassi and Eric Wuestewald.

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Response to Coyotl (Reply #7)

Thu Nov 1, 2012, 08:31 AM

whathehell (11,443 posts)

10. Almost too good to be true!

I'm hugging myself!

It's party time!

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Response to momdogz (Original post)

Thu Nov 1, 2012, 08:20 AM

Shuhered (200 posts)

9. Smoking Gun

This is damning evidence to be sure. I voted against Romney 4 weeks ago here in Iowa. I support Obama and his policies. That little runt, Paul Ryan, staging a helpful hand in a soup kitchen for a photo op is so disgusting to me. I sense a breakaway moment soon in the polls where Romney is going to go down and hard........

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Response to momdogz (Original post)

Thu Nov 1, 2012, 08:33 AM

snappyturtle (11,780 posts)

11. more exposure.....

http://www.democraticunderground.com/10021682328

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Response to snappyturtle (Reply #11)

Thu Nov 1, 2012, 09:30 AM

vlyons (345 posts)

12. It's probably way too late in the campaign

to get attention from the MSM. They're mostly engaged in the hurricane aftermath and Axlerod's mustache. But I would like to know if the union is going to pursue some sort of civil or criminal law suit. Is it even a crime? I'm very unclear on how this should get handled. Can any of the money be rescued and returned to say the UAW workers retirement plans?

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Response to momdogz (Original post)

Thu Nov 1, 2012, 09:34 AM

ProgressiveProfessor (22,144 posts)