By Greg Palast

Did The Romneys’ Auto Bailout Bonanza Violate Federal Ethics Law?

November 2, 2012 12:35 am Category: Memo Pad, Politics 80 Comments A+ / A-
Did The Romneys’ Auto Bailout Bonanza Violate Federal Ethics Law?

Toledo, OHIO –  Mitt Romney may “celebrate success” in earning a $15.3 million profit from the auto industry rescue, but by failing to reveal the windfall in his federal Candidate Disclosure Form, he may also have violated the law.So says a formal complaint filed on Thursday with the federal Office of Government Ethics by the United Auto Workers (UAW), Citizens for Responsibility and Ethics in Washington (CREW) and a host of other labor and nonpartisan watchdog groups.

In Toledo, UAW President Bob King brought union activists in a packed hall to their feet with the complaint’s demand: “Divulge or divest!”

King’s remarks cited the recent exposé in The Nation magazine that revealed how Mitt and Ann Romney had earned between $15 million and $115 million from the bailout — all subsidized by taxpayers in payments to the Delphi auto parts company, with the payday hidden in Ann Romney’s so-called blind trust.

As this writer reported in The Nation, Ann Romney made a 4,000% profit on her secret interest in Delphi through a limited partnership with a hedge fund operated by billionaire Paul Singer. Identified by Forbes as one of Romney’s key campaign donors, Singer has given more than $1 million to the Romney SuperPAC known as Restore Our Future.

According to lawyers for Public Citizen, People for the American Way, the Service Employees International Union and other signatories to the ethics complaint, Ann Romney’ so-called “blind” trust was, in fact, a ruse. The Romneys knew the details of their holdings, including their multimillion dollar profit from US Treasury funds. In the complaint to the federal ethics office, lawyers for CREW write: “Romney has not even attempted to meet the requirements for a federal blind trust with respect to his substantial equity holdings [in Delphi].”

The Ethics in Government Act, according to the Nov. 1 complaint, “requires candidates for federal office to disclose their financial holdings so that the public can identify potential conflicts of interest and personal economic priorities of federal officials and candidates.”

The UAW’s King said he was especially incensed because “Romney’s hedge fund partners threatened to shut down General Motors” by withholding key parts made by Delphi. Both U.S. Treasury and Delphi executives have said that in 2009, negotiators for Delphi’s hedge fund owners said they could force GM to close by withholding steering columns and other essential parts. Ultimately, the taxpayers provided the hedge funds with $12.9 billion in subsidies which pumped up the value of Romney’s Delphi stock from 67 cents a share to $30.

“Romney made a huge profit off this extortion,” said King, “and the public has the right to know about it.”

After King spoke, Ohio’s Democratic Senator Sherrod Brown stopped by the UAW hall to rally  get-out-the-vote troops for his and Obama’s reelection campaign. Brown told The National Memo that Romney and his hedge-fund partners “would extort everything if they had a chance.”

Heath Lindsey, who hired on at Delphi Ohio 12 years ago, said that the company initially continued to pay his full wages even after filing Chapter 11 bankruptcy in 2005. But then the so-called “vulture funds,” which included Romney’s partner Singer, took control of the company. In 2007, they cut his wages in half, slashed insurance coverage—and simply abolished his vested pension.

Lindsey, a father of two, said, “It destroyed me. I lost my home to foreclosure. I have medical claims I can’t pay. I’m just struggling to get by.”

And Lindsey is among the luckier Delphi employees because GM purchased his plant and three more from Delphi. But the speculator group led by Singer eventually closed 24 US plants. The company’s filings with the Securities Exchange Commission proudly state that Delphi has not a single UAW union employee left on its payroll, having eliminated all 25,000 jobs.

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Did The Romneys’ Auto Bailout Bonanza Violate Federal Ethics Law? Reviewed by on . Toledo, OHIO –  Mitt Romney may “celebrate success” in earning a $15.3 million profit from the auto industry rescue, but by failing to reveal the windfall in hi Toledo, OHIO –  Mitt Romney may “celebrate success” in earning a $15.3 million profit from the auto industry rescue, but by failing to reveal the windfall in hi Rating:

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  • bcarreiro

    This is why our country went south, with bush policies came greed and abuse to a system that is set in place for the people not just a selected few. romney you are indeed a crook and a scam artist with a one point plan to take the rest we have in the next 4yrs. Being a president is not just a paycheck, its a job that requires honesty,integrity and liberty and for this …..you have none.

    • http://www.facebook.com/fern.woodfork Fern Woodfork

      Romney Is In This For Romney And How Much And What’s In It For Him And His Wealthy Handlers!!

  • foolsdance

    Romney is a criminal – it would be a travesty for him to gain the office of President. Why do we not hear about these things in the main stream media?

    • Mimi2kool

      Besides the fact that the media outlets are owned by conservative interests, I believe it is because the MSM likes the “horse race” of national elections. There is always the “down to the wire, neck and neck” aspect of the elections.

      • 1bythebrooks2

        Of course MSM likes the horse race neck and neck aspect. Much more money in their coffers!! Obama/Biden 2012!!

    • Germansmith

      nothing of what is done is criminal

      But if they were activelly involved in managing the “Blind Trust” it would be a serious ethical concern.

      Blind Trust are there to avoid conflicts of interest on positions where people may have to make a decission that could benefit them financially in an unethical manner

      • foolsdance

        Thank you for the clarification. I don’t think there is an ethical cell in Romney’s body, but I suppose your can’t be tried for that.

      • http://www.facebook.com/diana.marsh.1123 Diana Marsh

        Wasn’t it Romney who said the blind trust was just a ruse?

      • http://www.facebook.com/people/Joan-Maurer/100000910841619 Joan Maurer

        NOTHING CRIMINAL! Did you read the article? Are you disputing the information? Mitt Romney failed to include the financial windfall in his financial statements. Failure to disclose is a crime. This is not the first time that Mitt Romney has “fudged” financial disclosure laws. The Washington Post reported on 1-26-2012 that Mr. Romney failed to disclose 24 funds on his federally mandated Candidate Financial Disclosure filings.

        Ethical concerns? You mean you are not concerned about his ethics yet? What would it take?

      • grammyjill

        His lawyer runs his “blind” trust. Can’t tell me he never talks to his lawyer.

        • Germansmith

          A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.

          If there are evidences that Romney’s lawyer is the executor of such and he discussed with either Romney how or where is the money invested, this is probably a cause for his disbar. It is unethical and the voters have the right to know if there are evidences of such.

          I probably have investments in companies I do not even know I have and I can tell you my investments are probably not a fraction of Romney’s.

          • grammyjill

            When running for the Senate, Romney said his blind trust is a ruse. And in the second debate he asked the president if he had checked his trust to see where his investments were. That sorta tells me that Romney knows exactly where every cent is.

        • Germansmith

          A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling. Blind trusts are generally used when a settlor (sometimes called a trustor or donor) wishes to keep the beneficiary unaware of the specific assets in the trust, such as to avoid conflict of interest between the beneficiary and the investments. Politicians or others in sensitive positions often place their personal assets (including investment income) into blind trusts, to avoid public scrutiny and accusations of conflicts of interest when they direct government funds to the private sector.

          If there are evidences that Romney’s lawyer is the executor of such and he discussed with either Romney how or where is the money invested, this is probably a cause for his disbar. It is unethical and the voters have the right to know if there are evidences of such.

          I probably have investments in companies I do not even know I have and I can tell you my investments are probably not a fraction of Romney’s.

    • grammyjill

      I heard about it on msnbc last night. The main stream meda won’t say anything cause ads would be pulled and they would lose money. It’s all about the money.

  • nobsartist

    you should see how much money willard is making working for the Chinese Government.

  • http://www.facebook.com/jodie.c.sr Jodie C. Hall Sr

    Great US jobs go to China while Mitt puts tens of millions in his accounts. You want this man to lead our country? Wake up!

  • http://www.facebook.com/people/Kenneth-Heffley/100002250740914 Kenneth Heffley

    The kochs,rove,norquist and aldeson are part of this and all of them should go to jail along with congress who stuffed their pockets as well.

  • gregscope

    This is the very culture of greed and corruption that has been destroying the very integrity of the country and the free enterprise system.What happened to the idea of business and our elected officials to be open and honest in there dealings .But instead they succumb to there base personal
    desires of greed and power on the backs of the American worker and middle class!This is the very
    very thing that will destroy our nation and our democracy.

  • http://profile.yahoo.com/RGOUPZ3JYNMPBVOHLZRCRVRD6Q ivory69690

    ITS so strange how these hedge fund ppl. get away with this . 25,000 jobs thy fired and took every thing away. its just what the ANTI-CHRIST ROMNEY stands for ill bet his wife ann was like the way she is today that the ANTI-CHRIST ROMNEY had alot to do with her evil ways she has now . but all in all she,s following the ANTI-CHRIST ROMNEY now and could give a rats butt about any body . the funny thing is that the ANTI-CHRIST ROMNEY would stab the hedge fund ppl in the back with out thinking right under the bus to make him self richer . hey ANTI-CHRIST ROMNEY and his hedge fund buddys give it time for the whole gang of you . the next thing the ppl prob. will do is hire the crazy bomb straping Taliban ppl. to come here and do there o big pop pop bang kaboom . at ur board meetings . but dont be suprized for the ppl. even in this country dont need much to go on the dark crazy side and take care of you the way thy see you should be taken care of you . as for me if thy make sure you are no more then thy did a good job . at least thy will be ending ppl that truly deserve it . getting rid of the true evil and trash of the country and by doing that even help the good of the world . may it take a lil bad to get rid of the bad evil to make things better hmmmm to me sounds like a fair deal . why do these ppl go out and shot ppl. in a movie inocent ppl. if thy think its good ok do better then in ur mind . and take care of the true evil ones . at least if you do that you will have a good fan club . ones that might even love you for clean up the evil greedy bastard POS . and you could be the hero,s youi want to be all you need is a lil change from not doing bad to the inocent and doing the harm to the quilty that deserve it . its only a matter of time before ppl. see and do something about the true evil ones of this country behead the hedge fund clowns and get rid of the evil greedy bastards . and while ur there might as well take care of the GOP ding dongs and give the ANTI-CHRIST ROMNEY what he deserve well there isnt evough one can give that POS what he truily deserve but do the best you can . the funny thing is the ANTI-CHRIST ROMNEY been doing his evil for so long and now running for the PRES. he,s only is showing more ppl. what he is . he was kinda under the rada . but now hes in the open showing his true evil ways

  • http://www.facebook.com/robert.blankenship.779 Robert Blankenship

    George Romney is turning over in his grave.

    His unspeakably arrogant, lying offspring and ‘lil annie fanny have destroyed American Jobs and American Lives. Perhaps now we know why they have so blatantly refused to disclose financial information!

    This should be on every TV and radio station in America….til election day.

    willard-the-rat, your ship is sinking!!

    • jarheadgene

      GEORGE ROMNEY…..the one time WELFARE recepient…..the same welfare…Romney and Ryan want to end.

  • Johnny Thomas

    Money hide’s all these fact’s from us and the liberal Republican that won’t change his vote just be a republican hurts a little just cowards who have been brain washed and would let their children die before touching them with they need to live on. Obama’s way is a little lower but will last a lot longer.

  • Germansmith

    If it is a “blind trust” is supposed to be managed by a trustee and the beneficiary is NOT supposed to know what is in it or how is managed

    As a Financial Advisor I would be concerned if the Romneys had any knowledge of what is in the BT if more than profits and/or losses

    • http://www.facebook.com/ann.carnes Ann Carnes

      During Romney’s debate with Ted Kennedy he told Kennedy that his trust fund was a ruse. That being the case, why would we not believe that Romney’s blind trust is also a ruse. Just saying…

  • JulieZ77

    Willard’s wife “doesn’t feel rich,” that is, not until she goes to the bank.

  • http://profile.yahoo.com/EOOP2CLTD4BKLDVZT6QW7PDOCI Robert M

    Such is the divine right of kings you know. why this doesn’t disgust every last working person in the nation gives evidence of the sub rosa racism of the right wing. If they cared about the economy they would be appalled at Romney’s predatory use of the bailouts not just to profit but profit at the expense of retirees.

    I’m not surprised at anything this greedy arrogant son of privilege does though. Nor am I shocked at the revelation. In a country that holds men like Donald “the debtor” Trump as an icon of success while disregarding the mountain of debt he owns why not have a shady ass that will abandon contracts made in good faith with workers while using tax funds to pay bonuses to the incompetents who took our economy down.

  • ryueire

    This is treasonous. This bastard has no right to be running for president. If this article is the real deal, there should be criminal prosecutions for financial impropriety. Another reason he refused to divulge his tax returns, as there likely are more incidents like this yet to be uncovered.

  • ijac234

    And this was a president want to be running on a platform of the government spending to much money.

    • Sandra

      If Government(taxpayers) money isn’t going into Romney’s bank account, then Government is spending too much money in his view. What a repulsive man. How much is enough for him and his ilk? I hope this will be investigated thoroughly and heads will roll. I would love to see Romney and his missus in jail for the damage they have done to American workers and the rip off of American taxpayers.

  • latebloomingrandma

    God help us all if we get Willard and a Republican House. I started reading “The Nation” last year and was pleasantly surprised at the depth of their reporting. I’ve heard some Republicans call this a “Communist rag.” Hmmmm–let’s see–Communists control their newspapers and put out only the propaganda they approve of. “The Nation” has no corporate owner, thus no agenda other than following the story and getting to the truth, wherever it may lead. Exposing unethical or illegal behavior. Utilizing real investigative journalists and employing its own staff of fact-checkers. Speaking truth to power. Doing the job of a true free press for the integrity of our democracy. Exactly what part of that is Communist?

  • nobsartist

    willard is in business with the Chinese Government and they are helping him hide MILLIONS in Chinese Banks.

    willard is hiding his taxes because he is in business with the Chinese Government.

    mccain knows what willard is hiding.

  • ObozoMustGo

    At least someone in the print media has taken off the blinders and is being honest. Hat tip to the Las Vegas Journal-Review:

    Benghazi blunder: Obama unworthy commander-in-chief
    Posted: Nov. 1, 2012, 2:01 a.m.

    U.S. Ambassador to Libya Chris Stevens and three other Americans died in a well-planned military assault on their diplomatic mission in Benghazi seven weeks ago, the anniversary of the 9/11 terrorist attacks. So why are details surfacing, piecemeal, only now?

    The Obama administration sat by doing nothing for seven hours that night, ignoring calls to dispatch help from our bases in Italy, less than two hours away. It has spent the past seven weeks stretching the story out, engaging in misdirection and deception involving supposed indigenous outrage over an obscure anti-Muslim video, confident that with the aid of a docile press corps this infamous climax to four years of misguided foreign policy can be swept under the rug, at least until after Tuesday’s election.

    Charles Woods, father of former Navy SEAL and Henderson resident Tyrone Woods, 41, says his son died slumped over his machine gun after he and fellow ex-SEAL Glen Doherty – not the two locals who were the only bodyguards Secretary of State Hillary Clinton and the Obama administration would authorize – held off the enemy for seven hours.

    The Obama administration was warned. They received an embassy cable June 25 expressing concern over rising Islamic extremism in Benghazi, noting the black flag of al-Qaida “has been spotted several times flying over government buildings and training facilities.” The Obama administration removed a well-armed, 16-member security detail from Libya in August, The Wall Street Journal reported last month, replacing it with a couple of locals. Mr. Stevens sent a cable Aug. 2 requesting 11 additional body guards, noting “Host nation security support is lacking and cannot be depended on,” reports Peter Ferrara at Forbes dot com. But these requests were denied, officials testified before the House Oversight Committee earlier this month.

    Based on documents released by the committee, on the day of the attack the Pentagon dispatched a drone with a video camera so everyone in Washington could see what was happening in real time. The drone documented no crowds protesting any video. But around 4 p.m. Washington received an email from the Benghazi mission saying it was under a military-style attack. The White House, the Pentagon, the State Department and the CIA were able to watch the live video feed. An email sent later that day reported “Ansar al-Sharia claims responsibility for Benghazi attack.”

    Not only did the White House do nothing, there are now reports that a counterterrorism team ready to launch a rescue mission was ordered to stand down.

    The official explanation for the inadequate security? This administration didn’t want to “offend the sensibilities” of the new radical Islamic regime which American and British arms had so recently helped install in Libya.

    The official explanation for why Obama administration officials watched the attack unfold for seven hours, refusing repeated requests to send the air support and relief forces that sat less than two hours away in Italy? Silence.

    An open discussion of these issues, of course, would lead to difficult questions about the wisdom of underwriting and celebrating the so-called Arab Spring revolts in the first place. While the removal of tyrants can be laudable, the results show a disturbing pattern of merely installing new tyrannies – theocracies of medieval mullahs who immediately start savaging the rights of women (including the basic right to education) and who are openly hostile to American interests.

    When Republican presidential nominee Mitt Romney promptly criticized the security failures in Benghazi, the White House and its lapdog media jumped all over him for another “gaffe,” for speaking out too promptly and too strongly. Prompt and strong action from the White House on Sept. 11 might have saved American lives, as well as America’s reputation as a nation not to be messed with. Weakness and dithering and flying to Las Vegas the next day for celebrity fund-raising parties are somehow better?

    This administration is an embarrassment on foreign policy and incompetent at best on the economy – though a more careful analysis shows what can only be a perverse and willful attempt to destroy our prosperity. Back in January 2008, Barack Obama told the editorial board of the San Francisco Chronicle that under his cap-and-trade plan, “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them.” He added, “Under my plan … electricity rates would necessarily skyrocket.” It was also in 2008 that Mr. Obama’s future Energy Secretary, Steven Chu, famously said it would be necessary to “figure out how to boost the price of gasoline to the levels in Europe” – $9 a gallon.

    Yet the president now claims he’s in favor of oil development and pipelines, taking credit for increased oil production on private lands where he’s powerless to block it, after he halted the Keystone XL Pipeline and oversaw a 50 percent reduction in oil leases on public lands.

    These behaviors go far beyond “spin.” They amount to a pack of lies. To return to office a narcissistic amateur who seeks to ride this nation’s economy and international esteem to oblivion, like Slim Pickens riding the nuclear bomb to its target at the end of the movie “Dr. Strangelove,” would be disastrous.

    Candidate Obama said if he couldn’t fix the economy in four years, his would be a one-term presidency.

    Mitt Romney is moral, capable and responsible man. Just this once, it’s time to hold Barack Obama to his word. Maybe we can all do something about that, come Tuesday.
    ——————————————–

    Have a nice day!

    “The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the Presidency…Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.” – Czech Republic newspaper Prager Zeitung

    • puzzled21

      No comment about Bishop Mitt being charged with a criminal act? I know cult members are not supposed to think for themselves, we won’t tell.

    • http://pulse.yahoo.com/_IXEQ4IX7PJF2EXCEE7MVUHCWGI ladyj

      why do you hate Obama. What do you have against. Why are in favor of Romney. As the article pointed out that Rowney’s made out big time on the Dephi and the auo bail out, it is in a blind trust for Anne. Why did they not report it. Obama may have his fault, I not saying that he is the best in he world not by far but at least me know where he stands, and not Romney. He flip flops a lot, and what is he hiding. He got caught in a lie last week saying that Chrysler/Jeep is going to shop their jobs over to italy. Chrysler came out said that it is not true, they are going to keep the jobs here. Now his campagin had nothing to say. They got caught big time in a lie. And besides does anyone knows where the REAL ROMNEY is at. If he came out and say what he really feels, he would not have no leg to stand of. He would not be running for President. I believe he will not have the backing of the foreign governments. Since his foreign tour last summer when he insulted Briton and other countries no one is in favor of him. Sorry he will not make a good President.

      • WhutHeSaid

        Obozo is KKK. That’s why he hates Obama.

      • DukeDacat

        Ladyj, do you think that TROLL even bothers to read the Memo articles…..

        All Obozo is capable of is…………… Cut and Paste………………………

    • http://profile.yahoo.com/HFYZP2APYPP7H6PWS2ZDQRWFEQ Hillbilly

      Stick to what the article is about and not your lies and quoting a a foreign newspaper. This article goes to show how little the Romneys like this Country and how crooked they are. Go crawl back under your rock where you belong. Don’t have a nice day.

    • DukeDacat

      Hey TROLL, with your Cut and Paste……..
      Please, just go away……………………………………………….. a long way……………………

    • northroader1775

      SOOOO we have here an Editorial (AKA opinion of the editor) And a sketchy bunch of pseudo facts, put together to prove a point. The point being 4 died as a direct result of Obama’s failure to act. It is based almost entirely on findings by Issa’s “comittee” (AKA a collection of jackles) This is basically bullshit of the highest order and not to be taken seriously.

    • neeceoooo

      Why don’t you cut and paste yourself into another life.

  • Mimi2kool

    More than anything, Willard Mitt Romney is a walking, talking ethics violation.

  • http://profile.yahoo.com/GGHNYPK4GNCRYZLXWVZ447WHJM Plznnn

    During the last Presidential elections in 2008, McCain said that, “the auto jobs will be lost forever my friends.” And Romney said, “I will bring those jobs back.” Romney was criticized for being unrealistic.

  • http://www.facebook.com/people/Colleen-Klemp/100002683878543 Colleen Klemp

    This doesn’t supprise me-most ordinary people would have been in jail over this but as usual Wall Street walks away with out anyone raising an eyebrow.

  • William Deutschlander

    This merely exposes more of the Romney EXTORTION of CAPITAL, then converting the Capital to personal wealth, sheilded from U S taxes in a complicit country. This egrigious greed is the crime that will destroy the U S experiment know as DEMOCRACY!

    The REPUBLICAN CARTEL of the 21st Century has NOTHING, NOT ONE SINGLE THING, in common with the Republican Party before Tricky Dicky Nixon, the crook who RESIGNED IN DISGRACE!

    ALL AMERICAN Citizens MUST WAKE UP TO THE FACTS, or our expirement with Democracy will vanish from North America.

    VOTE FOR DEMOCRACY – VOTE DEMOCRAT 2012!

  • Lovefacts

    Romney is a greedy sociopath. He buys Delphi a $0.67/share, makes another fortune from the company and auto bailout, then outsources Delphi, and has the nerve to blame Obama for what took place. He’s a crook and deserves to be investigated. Once he loses, I hope Justice investigates his off-shore shell companies under RICO.

    • neece00

      Now we know why he will not disclose his tax returns

    • AdamMos

      Not only that but the IRS is going to catch him on tax evasion. He will be convicted and may serve time. They are just waiting for the election to end. OBAMA 2012!

  • a80a

    with the republician party it is

  • a80a

    with the republician party it is( BIG I LITTLE YOU) where the rich get richer and the poor get poorer, this the way it is now and always has been, vote for mitt and get what you deserve, the poor house.

  • http://twitter.com/ChocChipsMusic The Chocolate Chips

    Romney is the Nixon of the 21st century. It would be a disgrace if he were elected President.

  • 1standlastword

    Romney is a double dealin’ yella bellied, backshootin’ coward!

    • Skyline43

      I don’t understand how this guy Romnesia gets by with all of his criminal acts and still thinks he can become president of these United States. I agree with foolsdance,”WHY DO WE NOT HEAR ABOUT THESE THINGS IN THE MAIN STREAM MEDIA”. The people have a right to know who they are voting for. Romney is the worst person ever to run for president. IT’S TIME HE IS EXPOSED FOR WHO HE IS. There has to be somebody, besides the media, out there to speak up before election day!! He is a FRAUD! lOOK WHAT HAPPENED TO GERMANY! He has so many followers just like him. Voters should do research on this man before they vote–perhaps on the days when he was governor to start with.

      • 1standlastword

        I completely resonate with your frustration. The problem as I see it is the financialization of what should be a “peoples” democracy, combined with voter ignorance and gullibility.

        Romney is one single tile in the grand mosaic of the “greed machine” that crashed the ecomony. These people are vupline in their cunning and avaricious in their appetites for power.

        The only antedote is the educated voter.

        They can’t do much harm if voters can see them coming.

        Think about it.

        Who of us thought home ownership would be a problem before Wall Street and the governmental big swindle: de-regulation of the housing and financial industry followed by impotent rule of law and little to no accountability.

        A college education was always a path to upward mobility until recently since globalization and profit schemes run-amok in the markets. We’re at a place where the markets determine the value of a college degree. This is awful because it leads to saturation and a dog eat dog mentality which becomes a social petridish for more Romney like citizens.

        The corporate gangsters, the whore politicians and the banksters have reversed the poles on almost everything Americans once saw as a means to a better life.

        Romney can gain status in America because our systems are broken and there exists a moral decline within our leadership. Howelse can a major party leader stand up on the day after the president’s inauguration and declare his intention is to assure the president fails

  • http://twitter.com/libboomer Jim Eaton

    Waiting for MSM to pick up the story in 5, 4, 3, 2… Oh, never mind, David Gregory is on MTP asking John McCain his thoughts on President Obama.

  • marelbert

    David Gregory should be replaced.

  • Gary Fischer

    WHY THE HELL DON’T YOU TELL THIS ROMNEY HORROR STORY ON MSNBC SO PEOPLE WILL KNOW WHAT BASTARDS THE ROMNEY FAMILY AND FRIENDS ARE TRULY LIKE……

  • http://profile.yahoo.com/PPHJQFXFPE564LFJPGF3SLP57M orangeman65

    The insulting thing about this election is that you have people who are stupid enough to believe this flip flop lying S.O.B.! How sad!

    • http://www.facebook.com/schirmerdon Donald Schirmer

      So does he get impeached after claiming victory and Ryan becomes President. That is a horror show in itself.

      • jarheadgene

        I’ve been saying the same thing on other sites…IF you elect this NIXON….we then would be stuck with an IDIOT like RYAN…..NOT even Obozo must Go can like that guy.

  • http://www.facebook.com/schirmerdon Donald Schirmer

    and none of this defrauding will ever come out even if romneyhood wins the election. I am sorry I am not feeling too good here in New jersey with not knowing what our shorehouse looks like a block from the shore at ocean Beach Unit 2. The tax people will not get their money as many of the homes do not exist or have been destroyed. They won’t let us in to see what went on.

    • grammyjill

      I don’t think you really want to know what it looks like. Most of it isn’t there anymore. What is there is covered by two feet of sand. Sorry. Our prayers are with you.

  • http://www.facebook.com/carol.mattern.50 Carol Mattern

    Yeah where are those tax returns anyway?? Not only did they make a lot of money, but would have made a lot more money, if the auto industry had went bankrupt…

  • http://profile.yahoo.com/L73VK265V5YRY63UVHIQOD7VJA John

    Everything he did was legal. Remember if you don’t have a platform to run on, you just keep slinging mud at the one that does, hoping some will stick. Unions are only an arm of Obama. Stop kidding America.

    • jarheadgene

      That is what he always says…but legal and ethical are NOT the same. HE IS SCUM…..

    • northroader1775

      Even if it was legal…was it ethical…you want to run on a jobs creation platform at the same time you are shipping jobs overseas….and btw Obama has a clear well defined plan and a record of getting things done. Mitt can’t be bothered with even answering simple questions from a reporter…not one answer in 3 weeks…not one…who has a platform??? S
      “Still think FEMA should be privatized Gov.??? no answer…gov. ??? no answer

      WHY you ask…no handler present to tell him what to think? No real position on anything??? Who knows. But one things for sure when he does open his mouth toxin comes out cause that’s all he has inside.

  • jarheadgene

    ONCE AGAIN…..”the great job creator” WILLARD sending jobs to CHINA…..Aren’t we all tired of this A$$ HOLE……send him and his ARROGANT ELITIST SNOB Wife home to cry in one of their many mansions. TELL ALL YOUR FRIENDS about this one.

  • AdamMos

    Unions are what built this country. You can thank unions for workers with retirement benefits. Workers with health benefits. Workers who get paid at least minimum wage. Workers who can go home at night with some job security.Workers who can afford to send their children to college. Workers who can afford to provide for their families the basics which is what stimulates our economy.
    Trickle down economics has been a total failure- We need to grow our economy from the middle out. Thank G-d for the middle and working class who get up and work every day and just want a little security and a decent standard of living. It is not much to ask considering how hard they work.
    I am a business owner and better off than most. I would not be where I am without
    a strong middle class to buy my products and services.
    I did not build it, the unions and the working class built it and I have benefited from it.
    This is the president who delivered the security of affordable health care to every single American after 90 years of trying. This is the president who brought Osama bin Laden to justice, who ended the war in Iraq and is ending the war in Afghanistan. This is the president who ended “don’t ask, don’t tell” so that love of country, not love of another, determines fitness for military service. Who made equal pay for equal work the law of the land. This is the president who saved the American auto industry from extinction, the American financial industry from self-destruction, and the American economy from depression. Who added over 5 million private sector jobs in the last two-plus years, more jobs than George W. Bush added in eight.

    • grammyjill

      Could you explain that to montanabill? He’s a Romney guy because he’s afraid of the taxes.

  • http://www.facebook.com/shirley.f.jones Shirley Farris Jones

    Mitt-witt may not be able to lie his way out of this one!

  • DukeDacat

    Just in case you did not carefully read this article, The man hides behind his wife’s skirt to………..

    ……”negotiators for Delphi’s hedge fund owners said they could force GM to close by withholding steering columns and other essential parts”………
    ………“Ultimately, the taxpayers provided the hedge funds with $12.9 billion in subsidies which pumped up the value of Romney’s Delphi stock from 67 cents a share to $30.”…………
    ……….”The company’s filings with the Securities Exchange Commission proudly state that Delphi has not a single UAW union employee left on its payroll, having eliminated all 25,000 jobs.”……..
    ……..”At the same time, taxpayer-subsidized Delphi expanded its workforce in China to 25,000. Today, Delphi supplies GM and Chrysler parts from Mexico and China”…………
    ……….”the Singer-Romney group that simply refused to pay any pensions whatsoever to union and non-union workers alike. The company’s $6.2 billion pension obligation, says King, “was dumped on the US government Pension Benefit Guarantee Corporation (PBGC) which is limited by law — not by President Obama — in the sums it can pay retirees”………..
    …….”None of this surprises observers of Paul Singer’s hedge fund, Elliott Management, which partnered with Ann Romney. Elliott is notorious for what the finance industry calls “vulture” attacks, in which speculators seize old debts of bankrupt corporations — and even nations — then demand payments of ten or a hundred times their investment, while making threats of economic ruin”……………
    …….”Public Citizen’s ethics expert, Dr. Craig Holman, notes that as president, Romney would have to choose between U.S. allies and his business partners. He is barred by law from using a “blind trust” to conceal such conflicts of interest”……….

    IS THIS WHAT WE WANT OUR COUNTRY TO BECOME?????

  • http://pulse.yahoo.com/_KOPKDFAUQPIIRAFI3HEXNMSHLQ Ed

    Mitt’s campaign has rvised it’s [position. According to the latest a spokeperson said,”We will not be constrained b y gfacts or ethics.”

  • onedonewong

    Its a blind trust guess the Nation and the Memo don’t know what that means. I’ve yet to hear the Nation or Memo complain about Barak’s off shore investments and his channeling taxpayers $$ to his friends in exchange for multi million $$ campaign contributions

  • http://www.facebook.com/profile.php?id=1118543425 Robin O’Brien

    I just keep wondering how he get just his sideburns to grow out gray and not the rest of his hair???????……
    Only his hairdresser knows?

  • Michael Ben-Yehuda

    Romney’s conflict of interest is so similar to Cheney and Halliberton… but what’s worse if the outlandish lies of Paul Ryan, trying to pin the whole thing on Obama.

    What a surprise, Romney acting through surrogates to make money off the taxpayer bailout while shipping jobs overseas. How could anyone vote for him with this news.

  • http://profile.yahoo.com/QQG4F4YAPOPZVR2F3KSBJPHJSE KKK4Romney

    Theybet against AMERICA and now he wants to be POTUS…..No way Willard

  • ijac234

    to foolsdance;
    The reason you don’t hear about stuff like this on the mainstream news is reporters are cowards to write something like this.You read something like this in the paper,the next day you will read that the reporter who wrote it is dead.Do you think people who make millions of these dollars will stand still for that.

  • Tex

    Someone heard this crap on MSLSD? Really? I am so surprised. Romney is the only decent person campaigning for President. Obama is a liar, refuses to let anyone know his true background, is a freaking communist, but you guys go ahead – you must be on the dole. If Obama is re-elected, you’ll have to stay on it because there won’t be jobs, there won’t be energy development, etc. Ya’ll need to chop some wood so you can build a fire and stay warm.

  • http://www.facebook.com/tbrown.pap Tim Brown

    The case laid out against Mitt Romney, Ann Romney and their partners look like and smells like Extortion. I would really like to know the full circumstances, facts and timelines. His entire candidacy seems illegitimate and could very well turn into another national disgrace like Nixon and Clinton. Everyone should proceed at greatest speed prior to election day to determine the facts about what happened. If Romney wins and then gets charged, how much damage will this do to the taxpayers in both prosecution and defense? We have so much to focus on other than the circus that will result from this.. My God. Somebody has to wake up and take action immediately.

  • http://profile.yahoo.com/FTUINN2U6LFCMUEX7Y5YCN5EWA WILLIAM W

    HE IS A MORMAN, AND THEY DO NOT BELIEVE JESUS IS THE SON OF GOD SO HE DOES NOT GET THE CHRISTIAN VOTE

  • http://profile.yahoo.com/QZNUPH5YGH43VSR54MQWIMMGKQ KEVIN

    how bout reporting the criminal act by obammy when he gave UAW the money from the bailout and not the creditors.

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