Dec 11, 2013
UAW to Hit Romney With Bailout Profiteer Accusation
Posted on Nov 1, 2012
The United Auto Workers is expected to file a complaint that accuses Mitt Romney of violating the federal Ethics in Government Act by concealing a multimillion dollar windfall he received in the auto industry bailout, journalist Greg Palast reports.
UAW President Bob King plans to announce that his union and Citizens for Responsibility and Ethics in Washington have formally taken their concerns to the U.S. Office of Government Ethics in Washington, claiming that Romney hid a profit in the range of $15.3 million to $115.0 million in a so-called blind trust held by his wife, Ann.
“The American people have a right to know about Governor Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue,” Palast quotes the union executive as saying. “It’s time for Governor Romney to disclose or divest.”
Added King: “While Romney was opposing the rescue of one of the nation’s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others.”
Greg Palast originally reported Romney’s windfall in an article in The Nation magazine last month. The UAW complaint will ask Romney to disclose exactly how much money he made.
—Posted by Alexander Reed Kelly.
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