Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

KoKo

(84,711 posts)
Thu Oct 18, 2012, 07:55 PM Oct 2012

Greg Palast: "Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit

Greg Palast: "Mitt Romney’s 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 Romney’s 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 Romney’s top donors made more than $4 billion for their hedge funds from the bailout. Palast’s report is part of a film-in-progress called "Romney’s 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 Romney’s "vulture" fund partners for five years for BBC Television’s 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 Romney’s Bailout Bonanza: How Mitt and Ann Made Millions — and Mitt’s 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/



5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Greg Palast: "Mitt Romney’s Bailout Bonanza: How He Made Millions from the Rescue of Detroit (Original Post) KoKo Oct 2012 OP
Paul Singer the Vulture kick. Octafish Oct 2012 #1
I just sent this to Rachel, why isn't the media talking about this? sasha031 Oct 2012 #2
It's about Wall Street and the Connections...and the wider group that supports Romney... KoKo Oct 2012 #3
thank you, it makes sense sasha031 Oct 2012 #4
K&R. They really are vultures. Bankrupt businesses and countries and feast on the debt. Overseas Oct 2012 #5

Octafish

(55,745 posts)
1. Paul Singer the Vulture kick.
Thu Oct 18, 2012, 08:21 PM
Oct 2012

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!

KoKo

(84,711 posts)
3. It's about Wall Street and the Connections...and the wider group that supports Romney...
Thu Oct 18, 2012, 09:04 PM
Oct 2012

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)
4. thank you, it makes sense
Thu Oct 18, 2012, 10:57 PM
Oct 2012

Democracy Now did a good job, but I guess we won't here much about it on MSM.

Latest Discussions»General Discussion»Greg Palast: "Mitt R...