How Mitt and Ann made millionsâ€“and Mitt’s hedge fund donors made billionsâ€“from the auto-industry rescue that he condemned.
By Greg Palast for The Nation Magazine
Mitt Romneyâ€™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 Romneyâ€™s November 2008 New York Times op-ed,â€œLet Detroit Go Bankrupt.â€
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Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps
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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 bailoutâ€”and a few of Romneyâ€™s most important Wall Street donors made more than $4 billion. Their gains, and the Romneysâ€™, were astronomicalâ€”more than 3,000 percent on their investment. …more