How Mitt and Ann made millions and Mitt’s hedge fund donors made billions from the auto-industry rescue that he condemned.
By Greg Palast for The Nation Magazine
Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed,“Let Detroit Go Bankrupt.”
Elements of this article appear in Palast’s brand new NYT bestseller:
Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps
Watch Palast talk about this expose on Democracy Now!
But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout – and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical – more than 3,000 percent on their investment. …more