11/6/12 01:48 pm - rather a big "Oops..." of a skellington in mitt'n'ann romney's cupboard?
- hi; this looks like it could be a significant pointer as to the real interests, nature and likely intentions of one of the two main candidates for the merkin presidency:
snarfed from siliconshaman at Oops...
Mitt Romney charged with violation of ethics in federal government laws
Details here from earlier
Summery for the link-phobic:
[Mitt] will be charged by the United Automobile Workers (UAW) and other public interest groups with violating the federal ethics in government law by improperly concealing his multi-million dollar windfall from the auto industry bailout.
At a press conference in Toledo, Bob King, President of the United Automobile Workers, will announce that his union and Citizens for Responsibility and Ethics in Washington (CREW) have filed a formal complaint with the US Office of Government Ethics in Washington stating that Gov. Romney improperly hid a profit of $15.3 million to $115.0 million in Ann Romney's so-called "blind" trust.
The Romneys' gigantic windfall was hidden inside an offshore corporation inside a limited partnership inside a trust which both concealed the gain and reduces taxes on it.
The Romneys' windfall was originally exposed in Nation Magazine ... after a worldwide investigation by our crew at The Guardian, the Nation Institute and the Palast Investigative Fund.
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.
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.
Funny how this isn't making the news, no? I guess that's just how Beltway Bandits take care of business.
So, I guess the real choice is still one between "Business as usual" or as someone put it, that Hope-y Change-y thing...
Crossposted from: http://siliconshaman.dreamwidth.org/1065005.html comments so far over there.
barack obama's economic policies've made a decent fist of getting the world,
as well as the merkin, economy back in order
(which is more than our eu governments've yet done
- and, if merkia sneezes, it's yeurrp as gets pnewmonia...