Cart 0 $0.00
IRE favicon

Shop

Resource ID: #25728
Subject: Campaign Finance
Source: The Nation Magazine
Affiliation: 
Date: 11/05/2012; 10/17/2012

$0.00

Description

September, 2012 the Obama campaign launched television ads blasting Romney's November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” In an article for The Nation Magazine, funded by The Nation Investigative Fund we discovered that Ann Romney, 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. It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM's production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it. One of the hedge funds profiting from that bailout— $1.28 billion at the time of publication — was Elliott Management, directed by Romney supporter, Paul Singer.

109 Lee Hills Hall, Missouri School of Journalism   |   221 S. Eighth St., Columbia, MO 65201   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
My cart
Your cart is empty.

Looks like you haven't made a choice yet.