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Mitt Romney made $15 million to $115 million buying GM auto parts supplier Delphi Automotive’s stock via Ann Romney’s “blind trust” via Elliot Management before the takeover of Delphi by Elliot Management. Mitt Romney is a friend and business partner of Paul Singer, Elliot Management’s Director… I think they used to call this “insider trading” not long ago.
But it gets much worse…
Delphi then threatened GM with no parts unless GM paid Delphi nearly $13 billion, which GM did using bailout money. After this Delphi fired over 25,000 UAW workers, and eventually Delphi moved all but one of its manufacturing plants to China. This destroyed thousands of American jobs in Detroit and elsewhere.
The UAW has recently filed a lawsuit against Romney, see story below.
So I must be missing the part about why the “honest”, “decent”, and “Christian”, Romney family is so beloved in Detroit???? Someone please help me understand this.
But my favorite detail is how the economic pirate Romney moved a great deal of his money to the Isle Of Jersey… the famous child molestation, money laundering, and tax haven owned by the British Royal Family… what better place for a pirate to go… and yet another British connection to the Mormon Hierarchy.
All the horrendous details are in the video and stories below…
2012.10.25 Romney Made Multi Millions In Detroit Bailout (TheRealNews Interviews Greg Palast) (youtube.com):
Greg Palast: Romney’s “blind” trust and his allies made tens of millions in the
GM/Chrysler bailout by purchasing a parts manufacturer and threatening to
close down GM if not bought out at an inflated price.
2012.10.17 Mitt Romney’s Bailout Bonanza By Greg Palast (thenation.com):
http://www.thenation.com/article/170644/mitt-romneys-bailout-bonanza
2012.10.31 UAW Files Charges Against Romney On His Auto Bailout Profiteering By Greg Palast (Broke Ethics Law Hiding Millions) (gregpalast.com):
http://www.gregpalast.com/uaw-files-charges-against-romney-on-his-auto-bail-out-profiteering/
2012-11-04 23:00:05
Source: http://deadlinelive.info/2012/11/04/election-2012-romney-made-millions-on-detroit-bailout/