Timely ethics complaint against Romney
November 1, 2012 7:10 AM Subscribe
As the presidential election seems to have increasingly come down to a race to court factory workers in Ohio, news comes out today that several unions and good-government groups have filed a complaint against Romney
alleging that his family's "blind trust", which he often refers to as perfectly above board, is actually not "blind" at all but contains an outsized investment with billionaire hedge fund manager and Republican kingmaker
Paul Singer - he of NML Capital, a fund which Romney is also invested in, which buys up defaulted upon debt from developing countries for pennies on the dollar and then thinks of innovative ways to seize state assets in an effort to embarrass those countries into paying full value on the worthless bonds
. - bought a controlling interest in the GM auto parts division and then threatened to cut off GM's supply of steering columns unless they were paid an outsized portion of TARP funds. Though the US Treasury complained that this was "extortion", Singer's fund ultimately received $12.9 Billion in tax payers' money and the Romneys made approximately 4000% on their investment. A news conference is scheduled for 2PM in Toledo but the major news outlets have yet to pick up the story.
This post was deleted for the following reason: Can we wait until there is more there there, here? Election season is a terrible PITA and there's a news conference scheduled which will generate news and maybe we can wait and write something a little more "this is what is happening" so the thread won't just be "Romney GRAR"? Please? Thank you. -- jessamyn