General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGreg Palast: "Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit
Greg Palast: "Mitt Romneys Bailout Bonanza: How He Made Millions from the Rescue of Detroit"
We turn now to a major new exposé on the cover of The Nation magazine called "Mitt Romneys Bailout Bonanza: How He Made Millions from the Rescue of Detroit." Investigative reporter Greg Palast reveals how Republican presidential nominee Mitt Romney made some $15 million on the auto bailout and that three of Romneys top donors made more than $4 billion for their hedge funds from the bailout. Palasts report is part of a film-in-progress called "Romneys Bailout Bonanza." Palast is the author of several books, including recently released New York Times bestseller, "Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps." [includes rush transcript]
Filed under Mitt Romney, Election 2012, Greg Palast
Guest:
Greg Palast, investigative reporter who has tracked Romneys "vulture" fund partners for five years for BBC Televisions Newsnight. He is the author of the recently released New York Times bestseller, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps. His new Nation exposé is called "Mitt Romneys Bailout Bonanza: How Mitt and Ann Made Millions and Mitts Hedge Fund Donors Made Billions from the Auto-Industry Rescue that He Condemned."
http://www.democracynow.org/2012/10/18/greg_palast_mitt_romneys_bailout_bonanza
MORE AT:
Romney's Billionaire Vulture
Paul Singer, the GOP's Baddie Sugar Daddie
Friday, February 3, 2012
The untold story of the sources of the loot controlled by Paul "The Vulture" Singer and why he needs to buy the White House
by Greg Palast for TruthOut/Buzzflash - update
Greg Palast has been investigating Singer and other finance vultures for BBC Television's Newsnight. His new book is Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Carnivores.
It's out of the closet or, more accurately, out of the coven. The list of the billionaires who have given at least $1 million to Restore Our Future, the pro-Romney Super PAC, is headed by Paul Singer. Singer and his hedge fund crew at Elliott Associates, with their donations to the Republican National Committee and other "independent" groups like the Swift Boat campaign, makes it likely that Singer is now the top funder for the GOP.
For BBC-TV, I've been tracking Singer for five years. And this is the key fact you need to know about the man whose cash would pick our President: Paul Singer likes to breakfast on decayed carcasses.
The carrion king is known as Singer The Vulture. I didn't give him the moniker. The name Vulture was tagged on him and his speculator colleagues by the Prime Minister of Britain and the World Bank. Recently, former Deputy Secretary-General of the UN Winston Tubman suggested I ask Singer or his business associates, "Do you know you're causing babies to die?"
http://www.gregpalast.com/romneys-billionaire-vulturepaul-singer-the-gops-baddie-sugar-daddie/
Octafish
(55,745 posts)Money'money'money... Palast follows the green to the source. The bailout of the auto industry saved jobs but destroyed the UAW.
Thanks for the heads up on who got the loot, Koko!
sasha031
(6,700 posts)KoKo
(84,711 posts)and MSM feel it's just "too complicated" for the average voter to wrap their mind around.
That's my impression from reading much about Wall Street and control of both parties.
No one wants to dig to "deep in the weeds" because average folks don't get it...and because the MSM is getting too much Money from Citizens United Decision and Wall Street who pushed it.
sasha031
(6,700 posts)Democracy Now did a good job, but I guess we won't here much about it on MSM.