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

[momdogz]

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. [Ed. - The full story of Romney and his "vulture fund" partners is in Palast's New York Times bestseller, Billionaires & Ballot Bandits.]

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

[d_r]

1. thanks for posting this

thanks for posting this.

[momdogz]

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

[momdogz]

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

[lunatica]

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!"

[ChairmanAgnostic]

8. For Pete's sakes!

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

[Ikonoklast]

15. You mis-spelled 'criminal'.

[ChairmanAgnostic]

16. grammarian police!

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

[Ikonoklast]

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

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

Better?

[ChairmanAgnostic]

19. much better. thanks.

all this prancing around makes me work up a sweat.

[liberal N proud]

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.

[Bernardo de La Paz]

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.

[LeftInTX]

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

[Coyotl]

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.

[whathehell]

10. Almost too good to be true!

I'm hugging myself!

It's party time!

[Shuhered]

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........

[snappyturtle]

11. more exposure.....

http://www.democraticunderground.com/10021682328

[vlyons]

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?

[ProgressiveProfessor]

13. First posted on Monday

http://www.democraticunderground.com/1251187600

[sarcasmo]

18. All the money Thurston Howell hides the chances are good he is a billionaire.

[Nancy Waterman]

20. kick

important story!

[muriel_volestrangler]

21. Locking - duplicate thread

of http://www.democraticunderground.com/1014286094 . Please continue discussion there.