[Peace-discuss] Fwd: UAW FILES CHARGES AGAINST ROMNEY ON HIS AUTO BAIL-OUT PROFITEERING

Fri Nov 2 07:22:40 UTC 2012

As a verified hater of all things Romney and Obamney, I'd say it couldn't
be happening to a better S.O.B.  The only thing better would be if Obama
was provably involved in the graft as a verifiable participant.

(not that Obama hasn't done worse things).

*

On the other hand, this is a snarky October surprise designed to
beslime the plastic bastard Romulan under a cloak of stinking alien dung.

Unfortunately most of those who would vote for Mitt Zombie will stagger to
the polls and vote for him anyway, dismissing this for what it is,
just a hit piece.  The dazzle-eyed Obama supporters are going wild with
excitement.

But, no one with even half a lick of sense should be enamoured with 
either of
these dastardly dudes.  All should be able to see what is up.

Amerika, we have scoured the countryside in search of your leaders.
Here are your two choices - Barabbas and Haphabbas.

Which do U want?

On 11/02/12 13:49, John W. wrote:
> I thought a few of you might be interested in this....
>
>
> http://us4.campaign-archive1.com/?u=33e4ec877eed6a43863a4a92e&id=8c84e1739c&e=27df5d5fb3 
> <http://us4.campaign-archive1.com/?u=33e4ec877eed6a43863a4a92e&id=8c84e1739c&e=27df5d5fb3>
>
> *UAW FILES CHARGES AGAINST ROMNEY ON HIS AUTO BAIL-OUT PROFITEERING*
>
> Broke ethics law hiding millions, say good government groups
>
> by Greg Palast
>
> Toledo, Ohio - Wednesday October 31, 2012
>
> For Mitt Romney, it's one scary Halloween.  The Presidential candidate 
> has just learned that tomorrow afternoon 
> <http://www.gregpalast.com/advisory-uaw-files-ethics-charge-on-romney-auto-bail-out-profiteering/> he 
> will charged with violating the federal Ethics in Government law by 
> improperly concealing his multi-million dollar windfall from the auto 
> industry bail-out.
>
> 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 
> <http://www.gregpalast.com/mitt-romneys-bailout-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 
> <http://www.ballotbandits.org/>.]
>
> 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, 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 bail-out 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.
>
> 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.
>
> /Forensic Economist/ /Greg// Palast's investigative reports can be 
> seen on BBC Television./  His latest bestseller, /Billionaires & 
> Ballot Bandits: How to Steal an Election in 9 Easy Steps/ contains a 
> comic book by Ted Rall and chapters by Robert F. Kennedy Jr. 
> www.BallotBandits.org <http://www.ballotbandits.org/>
>
>
>
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