Monday, November 05, 2012

Why Mittsy? Why Are You Charged With Violating Federal Ethics Law?

First Hurricane Sandy and Mittsy's whole We don't need no stinkin' FEMA debacle. And then the Hurricane relief/Campaign Photo-op where Mittsy loaded trucks with stuff he bought so he could give the illusion that he cares.

And now this:

On November 1st, Mittsy was charged by the United Automobile Workers [UAW] with violating the federal ethics in government law by improperly concealing his multi-million dollar windfall from the auto industry bailout.

Remember? The bailout he opposed? When he wanted to make Detroit go bankrupt? Turns out that Mittsy made a killing on the bailout, and shoved somewhere between $15.3 million and $115 million into a "blind" trust under his wife, Queen "You people" Ann's name.

Bob King, President of the United Automobile Workers, says:
"The American people have a right to know about Governor Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue. It’s time for Governor Romney to disclose or divest .... While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others.”
One-percent say what? Mittsy made money while others lost? How could he....? Why would he....? Oh, because that's Mittsy in a nutshell. He makes millions off the backs of those less-fortunate and then hides it all away while playing the "Who me?" game.

from BuzzFlash:

"According to ethics law expert Dr. Craig Holman of Public Citizen--who serves as an advisor on the charge--Ann Romney does not have a federally-approved blind trust.  An approved "blind" trust may not be used to hide a major investment which could be affected by Romney if he were to be elected President.  Other groups joining the UAW and CREW include Public Citizen, the Service Employees International Union (SEIU), Public Campaign, People for the American Way and The Social Equity Group.
President Obama's approved trust, for example, contains only highly-diversified mutual funds on which presidential action can have little effect.  By contrast, the auto bail-out provided a windfall of over 4,000% on one single Romney investment.
In 2009, Ann Romney partnered with her husband's key donor, billionaire Paul Singer, who secretly bought a controlling interest in Delphi Auto, the former GM auto parts division.  Singer's hedge fund, Elliott Management, threatened to cut off GM's supply of steering columns unless GM and the government's TARP auto bailout fund provided Delphi with huge payments.  While the US treasury complained this was "extortion," the hedge funds received, ultimately, $12.9 billion in taxpayer subsidies.  
As a result, the shares Singer and Romney bought for just 67 cents are today worth over $30, a 4,000% gain.  Singer's hedge fund made a profit of $1.27 billion and the Romney's tens of millions."
The UAW, and, seriously, most Americans would like Mittsy and Queen Ann to reveal exactly how much they pocketed--and continue to pocket--off Delphi, and then perhaps offer an explanation as to why the Singer syndicate, once in control of Delphi, eliminated every single UAW job--25,000--and then moved almost all auto parts production to Mexico and China where Delphi now employs 25,000 auto parts workers.

I mean, we know he likes to fire people, and we know he likes to outsource jobs, but he fired 25,000 Americans and then gave their jobs to 25,000 Chinese and Mexican workers.

Isn't that presidential?


5 comments:

Wonder Man said...

mess

Frank said...

So why is this just coming out now? What are the sources...I'm still looking. If this is all true, it should be all over MSNBC, and the major networks.

R.J. said...

And this is what vulture capitalists do. Well, except for the running for president part.

Debbie said...

You need to be an investigative reporter. And I'm with Frank - why isn't this being reported??? I hate politicians.

Biki said...

and this, this! is who is running on the platform of I know how to get americans back to work? he can make jobs without any sweat at all, for people of OTHER nations!