Friday, November 02, 2012

Is Romney's Wall of Secrecy Crumbling?

Mitt Romney may have sailed into stormy seas.   A complaint is being filed with the U.S. Office of Government Ethics under the Ethics in Government Act demanding that Romney be compelled to disclose details of his auto-bailout profiteering.

“The American people have a right to know about Gov. Romney’s potential conflicts of interest, such as the profits his family made from the auto rescue,” said UAW President Bob King. “It’s time for Gov. Romney to disclose or divest.”

In a Nation magazine cover story, investigative reporter Greg Palast reported that the Romney family personally profited at least $15.3 million from the auto loans of 2009 through his investment in the Delphi Corp. auto parts company. Yet Romney’s June 1, 2012, Public Financial Disclosure Report to the Office of Government Ethics did not reveal this windfall because he did not disclose the underlying holdings of his private equity and limited partnership funds.

“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,” King added.

The groups sending the complaint letter, including SEIU, UAW, Citizens for Responsibility and Ethics in Washington, Public Citizen, Public Campaign, People for the American Way and The Social Equity Group, believe that Romney’s undisclosed stock holdings create serious conflicts of interest. They point to the auto rescue as a key example.


Anonymous said...

It will be interesting to see how many votes go missing from voting via the computer system set up by Romney's son in the US this coming election will be huge compared to Bush. Let's hope in the name of creation that Romney is not the next President of the US. If people think Obama didn't do much in his four years they better think hard and long as to the ability of a daddy made "business man" to do is nothing but a bad business joke.

The Mound of Sound said...

I just got through an article in the New Yorker about electronic voting machine fraud and the prediction was quite dire. The makers of these machines are firms with ties to the Republican Party and independent tests have shown they're easily rigged and the results are virtually impossible to detect.

In essence, the election is the Republicans if they have the will to steal it. So much for the Greatest Democracy on Earth (TM).

Anyong said...

I just read the article you mentin after I posted. Doesn't make a person feel very good about this even a Canadian.