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pnwmom

(108,980 posts)
Sun Nov 4, 2012, 12:28 PM Nov 2012

WA State paper reports lawsuit of UAW/Crew charging Romney with profiteering

during the auto bailout.

Will any of the major US newspapers join this little one -- before the election?

http://www.skyvalleychronicle.com/FEATURE-NEWS/COALITION-OF-LABOR-GOOD-GOV-T-GROUPS-CHARGE-MITT-ROMNEY-WITH-HIDING-MULTI-MILLION-DOLLAR-PROFIT-IN-AUTO-INDUSTRY-BAILOUT-BR-I-UAW-and-others-file-formal-ethics-complaint-with-government-I-1163909

COALITION OF LABOR & GOOD GOV’T GROUPS CHARGE MITT ROMNEY WITH HIDING MULTI-MILLION DOLLAR PROFIT IN AUTO INDUSTRY BAILOUT
UAW and others file formal ethics complaint with government
November 02, 2012

(TOLEDO, OHIO) -- In mid October investigative journalist Greg Palast - who has been tracking the dealings of a business associate and key donor of presidential hopeful Mitt Romney for five years - published an explosive report in The Nation called “Mitt Romney’s Bailout Bonanza”

The report claimed that the Romney family personally profited by at least $15.3 million – and possibly much more - from the auto loans the U.S. government gave to U.S. automakers in 2009 during the industry bailout thanks to Ann Romney’s “secret investment” in the large Delphi Corp. auto parts company.

The irony, of course, is that Mr. Mitt Romney opposed the auto industry bailouts.

Yet Romney's June 1, 2012, Public Financial Disclosure Report to the Office of Government Ethics “did not reveal this windfall,” - according to the UAW and good government groups that have joined in the action - because Mr. Romney allegedly did not disclose the underlying holdings of his private equity and limited partnership funds.

SNIP

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