UAW Charges Romney with Profiteering from Auto Bailout

of a union being the final nail in Rmoney's political coffin. Let's just hope this story gets some press.

<snip>
The UAW complaint calls for Romney to reveal exactly how much he made off Delphi -- and continues to make. The Singer syndicate, once in control of Delphi, eliminated every single UAW job --25,000-- and moved almost all auto parts production to Mexico and China where Delphi now employs 25,000 auto parts workers.

Is the truth finally going to come out??!!

PRESIDENT

rec

..

him back onto defense and nibble more time off the clock. In a couple of days, we'll be in the RED zone.


Eagerly awaiting tomorrow's press conference.

Need to keep this alive.

A cute kitty picture

<snip>
According to ethics law expert Dan Curry who drafted the ethics complaint, Ann Romney does not have a federally-approved blind trust. An approved "blind" trust may not be used to hide a major investment which could be affected by Romney if he were to be elected President. Other groups joining the UAW and CREW include Public Citizen, the Service Employees International Union (SEIU), Public Campaign, People for the American Way and The Social Equity Group.

President Obama's approved trust, for example, contains only highly-diversified mutual funds on which presidential action can have little effect. By contrast, the auto bail-out provided a windfall of over 4,000% on one single Romney investment.

In 2009, Ann Romney partnered with her husband's key donor, billionaire Paul Singer, who secretly bought a controlling interest in Delphi Auto, the former GM auto parts division. Singer's hedge fund, Elliott Management, threatened to cut off GM's supply of steering columns unless GM and the government's TARP auto bailout fund provided Delphi with huge payments. While the US treasury complained this was "extortion," the hedge funds received, ultimately, $12.9 billion in taxpayer subsidies.

As a result, the shares Singer and Romney bought for just 67 cents are today worth over $30, a 4,000% gain. Singer's hedge fund made a profit of $1.27 billion and the Romney's tens of millions.

.....more

And who knew, when.

Saying that under Obama they're doing so poorly they're sending production to China? Maybe they were trying to strike preemptively and their timing was really off.

http://theobamadiary.com/

This is GREAT news!!!

I'd love to be a fly on the wall in the spin room for this one..

k/r

covered. Surely.......

I pray this get the media traction it needs to be Romney's Waterloo...

Oh my goodness - what a treat!

That's gotta be illegal

Has anyone heard?

either he doesn't know what he is invested in or what?

What is in his or her blind trust.

Complete link: http://truth-out.org/buzzflash/commentary/item/17613-uaw-charges-romney-with-profiteering-from-auto-bailout

This seems like a much larger story than the coverage it is getting?

always try to give complete information....and did. Maybe this election fracas is making us a bit testy!