Mitt Romney has an amazing ability to make a profit on anything. He can make millions when a company goes bankrupt, reap huge returns off the 9/11 tragedies and profit from getting high schoolers hooked on tobacco. But his greatest trick of all was raking in millions from the auto rescue he opposed.
In a stunning exposé published Thursday in the The Nation – with support from The Investigative Fund — reporter Greg Palast reveals how key donors to Romney’s campaign made more than a billion dollars off the restructuring of General Motors by holding a key player in the supply chain hostage [called Delphi Automotive] to their demands during the heart of America’s worst jobs crisis in 50 years…
[A hedge fund called Elliot Management bought Delphi for 67 cents a share, then] took [$12.9 billion in] federal bailout funds, slashed worker pensions, fired union workers and sent American jobs overseas [and generated a 3,000% return for Ann Romney and other investors].
