Mitt Romney Made Millions From the Auto Bailout

[thoughtone]

soirce: The Nation



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It may surprise many voters to learn that Mitt Romney made at least $15 million from the auto industry bailout he attacked in 2008. But that’s just what investigative journalist Greg Palast reports in a new exposé in The Nation today, and he joined Democracy Now! this morning to talk about the Romneys’ stake in Delphi, GM's autoparts division. On the show, Palast also presents a video report detailing how Mitt Romney used Ann Romney’s blind trust to put millions of dollars in a hedge fund that bought Delphi for sixty-seven cents a share, received more than $12 billion in bailout funds and moved almost every one of its autoplants to China.

 

[thoughtone]

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[Lamarr]

lemme guess.........Blame it on Capitalism!

when it was clearly the govt that enabled Rmoney to recieve the benefits from the bailout. Trust me, Senator Obama knew what he was doing when he voted for the legislation Bush proposed.

Obama, speaking at a rally in Reno, Nevada, on Tuesday, issued a tough message to fellow lawmakers.

"To the Democrats and Republicans who opposed this plan yesterday, I say step up to the plate and do what's right for this country," he said. "And to all Americans, I say this: If and when I am president of the United States, this rescue plan will not be the end of what we do to strengthen this economy, it will only be the beginning.

He really meant; Do what right for Wall Street or we wouldn't even have this article.


Where's Occupy Wall Street Now?

 

[Upgrade Dave]

The issue isn't that he made money on the bailout but his blatant hypocrisy in criticizing it.

 

[Lamarr]

The issue isn't that he made money on the bailout but his blatant hypocrisy in criticizing it.

forgive me UD; I must've misread the title of the thread

Mitt Romney Made Millions From the Auto Bailout

 

[thoughtone]

forgive me UD; I must've misread the title of the thread

Mitt Romney Made Millions From the Auto Bailout

I was runaway capitalism and lack of regulation that caused the auto companies to fail and allowed Romney to game the system.

 

[Lamarr]

I was runaway capitalism and lack of regulation that caused the auto companies to fail and allowed Romney to game the system.

How did the lack of regulation cause MF's to go bankrupt?

Runaway capitalism?

 

[thoughtone]

How did the lack of regulation cause MF's to go bankrupt?

Runaway capitalism?

Who is MF?