One vulture, and another enabler.
Either one missing, and the US Tax payers would have had BILLIONS less in debt, thousands less jobs shipped over seas, thousands less people who lost their homes and health insurance. But it took a tag team to make this happen. Neither one could have sent that much US tax payer funds to a few individuals, and then made the banks richer as they can resell those houses for more money then the original loan (they never sell for what is left owing!!!!). For the International Business folk, this is one of the most lucrative business plans around, invest in politicians, the return as pointed out can be 1,000% to 3,000% if your an elite, Jail or death if not. I think anyone who votes for either of these men not only has a suicide wish, they want to see their fellows suffer the absolute most before they die. Scott > GregPalast.com | BallotBandits.org > Is this email not displaying correctly? > View it in your browser > > > Romney & Co Shipped Every Single > Delphi UAW Job to China > > by Greg Palast | Truthout > Tuesday, October 23, 2012 > > He's kidding, right? Did I just hear Mitt Romney say, "I would do nothing > to hurt the US auto industry" > > Really? REALLY? > > Here's the facts, ma'am: > > As I reported in this week's Nation magazine cover story "Mitt Romney's > Bail-out Bonanza", the Romneys are in a special partnership with the > vulture fund that bought Delphi, the former GM auto parts division. > > [Watch our Democracy Now! report on the Romney group's auto plant > closures.] > > The Romney vulture fund investment syndicate shipped every single UAW > production job EVERY job to China. > > Just after Nation broke the story, Washington newsletter The Hill received > the Romneys admission of profiteering: > "Romney's campaign did not deny that he profited from the auto bailout in > an email to The Hill, but it said the the report showed the Detroit > intervention was 'misguided.'" > The truth? On June 1, 2009, the Obama Administration announced that > Detroit Piston's owner Tom Gores, GM and the US Treasury would buy back > Delphi. The plan called for saving 15 of 29 Delphi factories in the US. > > Then the vulture funds pounced. > > Nation discovered that, in the two weeks immediately following the > announcement of the Delphi jobs-saving plan, Paul Singer, Romney's > partner, secretly bought up over a billion dollars of old Delphi bonds for > pennies on the dollar. > > Singer and partners now controlled the company ... and killed the return > of Delphi to GM. > > These facts were revealed in a sworn deposition of Delphi's Chief > Financial Officer John Sheehan, confidential, but now released on the web. > > Sheehan said, under oath, that these speculators threatened to withhold > key parts (steering columns), from GM. This would have brought the auto > maker to its knees, immediately forcing GM's permanent closure. > > The extortion worked. The government money that was supposed to go to save > jobs went to Singer's hedge fund Elliott and its partners, including the > Romneys. > > Once Singer's crew took control of Delphi, they rapidly completed the move > to China, sticking the US taxpayers with the bill for the pensions of the > Delphi workers cut loose. > > Dan Loeb, a million-dollar donor to the GOP, who made three-quarters of a > billion dollars off the legal scam, proudly announced that, once he and > Elliott took control, Delphi kept virtually no North American unionized > labor > > In all, three hedge funds run by Romney's million-dollar donors have > pocketed $4.2 billion, a return on their "investment" of over 3,000%, all > care of the US taxpayer. The Romneys personally earned minimum $15.3 > million, though more likely $115 million a range their campaign does not > dispute. > > Frankly, I'm no fan of the way Obama handled the Delphi bail-out. Allowing > these speculators to crank the US taxpayers for $12.9 billion in subsidies > and losing almost all the auto parts jobs in the process. > > But when I heard that Son of a ...Detroit, Mr. Romney, tell us, 'I would > do nothing to hurt the US auto industry,' I thought I'd lose my dinner. I > suggest Romney repeat this directly to the Naylor family of Kokomo, > Indiana. > > Bruce Naylor lost his job at Delphi, then his health insurance (terminated > by the Romney syndicate) - then his home to foreclosure. > > Should Obama have done something about that? You bet. If I were the > president, I'd have started with putting the vulture speculators out of > business including Elliott's silent, hidden partner, one Mitt Romney. > > * Want the full story of Romney's vulture-pack partners? I have several > chapters on Paul "The Vulture" Singer and other million-dollar donor > magnates backing Romney (and those backing Obama too) in my new book, > "Billionaires & Ballot Bandits," with an introduction by Robert F. Kennedy > Jr. and illustrations by Ted Rall. > > * And a question to the US media: HELLO, ANYBODY HOME? > This info on Romney's profiteering and the shipping of Delphi jobs to > China by his cronies is on the COVER of Nation Magazine and in a New York > Times bestseller (Billionaires & Ballot Bandits). So, where is the New > York 'Paper of Record'? Or, for that matter, MSNBC? > Bill Press explained it to me when I was on his show this morning, "Sorry, > Greg. There's no more investigative reporting in America. No reporters, > just repeaters." > > That's why I fear Jimmy Carter's statement that, "The American people > deserve a president as good as they are." Now I'm afraid that's exactly > what we'll get. > > Greg Palast is the author of the New York Times bestsellers The Best > Democracy Money Can Buy, Armed Madhouse and Vultures' Picnic. > > Palast's brand new NYT bestseller Billionaires & Ballot Bandits: How to > Steal an Election in 9 Easy Steps, is available from Barnes & Noble, > Amazon or Indie Bound and on the NOOK and Kindle. > > Author's proceeds from the book go to the not-for-profit Palast > Investigative Fund for reporting on voter protection issues. > > Donate and get a signed copy of the book or make a contribution of any > amount to support our work. > > MEDIA REQUESTS: For interviews, review copies and excerpts contact us. > > Follow Palast on Twitter | Like Palast on Facebook | Forward to a friend > Subscribe to Palast's Newsletter | Podcasts > > Share this with > Copyright © 2012 Greg Palast, All rights reserved. > You are receiving this Newsletter because you are a subscriber. > Our mailing address is: > Greg Palast > PO Box 90 > Greenport, NY 11944 > > Add us to your address book > > > > > > > > [Non-text portions of this message have been removed] > > > > ------------------------------------ > > --------------------------------------------------------------------------- > LAAMN: Los Angeles Alternative Media Network > --------------------------------------------------------------------------- > Unsubscribe: <mailto:[email protected]> > --------------------------------------------------------------------------- > Subscribe: <mailto:[email protected]> > --------------------------------------------------------------------------- > Digest: <mailto:[email protected]> > --------------------------------------------------------------------------- > Help: <mailto:[email protected]?subject=laamn> > --------------------------------------------------------------------------- > Post: <mailto:[email protected]> > --------------------------------------------------------------------------- > Archive1: <http://www.egroups.com/messages/laamn> > --------------------------------------------------------------------------- > Archive2: <http://www.mail-archive.com/[email protected]> > --------------------------------------------------------------------------- > Yahoo! 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