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Greg Palast: UAW Charges Romney With Profiteering From Auto Bailout
Exclusive: Greg Palast for BuzzFlash at Truthout
Toledo, Ohio - Wednesday Evening October 31, 2012
Exclusive: Greg Palast for BuzzFlash at Truthout
Toledo, Ohio - Wednesday Evening October 31, 2012
For Mitt Romney, it's one scary Halloween. The Presidential candidate has just learned that tomorrow afternoon (November 1) he 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 union chief says, "The American people have a right to know about Gov. Romneys potential conflicts of interest, such as the profits his family made from the auto rescue. Its time for Gov. Romney to disclose or divest.
While Romney was opposing the rescue of one of the nations most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others, King added.
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.