I saw something on the news
Remember when Romney write the piece called "Let Detroit go Bankrupt"? The economy was crashing, and stocks were falling.
Get this : Delphi, is a company that supplies parts to car manufactures such as GM.
Is it possible that Mitt's article and other things he was saying at the time, were done on purpose to push stocks down even lower? And is it possible that he knew that a bailout by President Obama was just around the corner?
Get this : When the shit was hitting the fan and stock prices of Delphi fell to $0.69 cents (the lowest in history), Mitt Romney's wife purchase $1 Million dollars worth of stock in Delphi.
Today Delphie is worth $32 or more a share. That is a 4537% increase. It's estimated that the Romney's made over $15 Million on this.
A shrewd investor is a smart guy, but what he did was scare people and take major advantage of just about everyone at the same time.
There's more to the story too :
http://www.thenation.com/article/170...ilout-bonanza#
How anyone at all can vote for this fucker is beyond me.
Fortunately, the United Auto Workers are pissed off : Check this out:
Mitt Romney Likely To Face Ethics Complaint From UAW For Allegedly Hiding Auto Bailout Profits
Quote:
The United Auto Workers (UAW), the Service Employees International Union (SEIU), and other groups plan to file an ethics complaint against Mitt Romney for allegedly failing to disclose his profits from the auto bailout, the UAW has told The Huffington Post.
The groups are calling for an investigation by the U.S. Office of Government Ethics to investigate Romney's alleged violation of the Ethics in Government Act, which requires presidential candidates to disclose their personal finances. The ethics complaint comes on the heels of an Oct. 17 article in The Nation, which alleged that Romney has hidden his personal gains of at least $15.3 million from the auto bailout.
"He made his fortune off the misfortune of others," Bob King, president of the UAW, told The Huffington Post on Wednesday. "Why should we have to find out from the media about this?"
The Romney campaign could not be immediately reached for comment.
The allegations are ironic given that Romney has been a staunch critic of the auto bailout. Romney called for the government to let the auto industry go bankrupt in an op-ed in The New York Times in 2008. The Romney campaign also released a misleading ad in October that claims Chrysler has moved all production of Jeeps to China following the auto bailout.
Romney and his wife allegedly made millions from the auto bailout through their investments in the hedge fund Elliott Management, which held a stake in the auto bailout recipient Delphi Automotive, according to The Nation. The return on this investment amounted to more than 3,000 percent, according to The Nation.
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Go get him, UAW