Pages

2 comments

Jump to bottom
1 Bulworth  Thu, Nov 1, 2012 11:10:02am
You might be thinking: What? Since when does Fox News care about people’s pensions? Pensions are too damn expensive and the evil unions need to stop holding the job creators hostage.

Does not compute. Head is spinning.

Well, I guess Fox news cares when they are non-Union workers. The upshot of the article is that Union pensions were given a priority in the deal between GM and the gov’t. Fox News implies it is unfair that Union workers got a deal that was not available to non-Union workers.

Of course Faux didn't want any workers getting any deal.

2 Joanne  Thu, Nov 1, 2012 1:11:43pm

Wait, was it THIS Delphi?

Mitt Romney Profited By At Least $15.3 Million From Auto Bailout: Report

But while Romney's political fortunes may have been shorted by the Obama's auto rescue, the bailout was a boon for his personal fortune.

A new report running Thursday in The Nation finds that Romney and his wife, Ann, made at least $15.3 million -- and perhaps tens of millions more -- as a result of bailout funds paid to General Motors. The story, an early copy of which was provided to The Huffington Post, is written by investigative reporter Greg Palast and was backed by the The Investigative Fund at The Nation Institute.

Romney's windfall from the bailout is directly tied to his relationship with Paul Singer, the billionaire hedge fund manager who donated $1 million to the Republican's presidential campaign in April. As The Nation reports, the Romneys invested at least $1 million with Singer's fund, Elliott Management, which is known for investing in distressed or bankrupt companies.

One of those bankrupt companies was Delphi, an auto parts maker that hit financial trouble after being spun off from its former parent, GM. Singer's fund bought up a controlling interest in Delphi for about 67 cents a share on average, The Nation calculates. By last November, Delphi's initial public offering was priced at $22 a share, thanks in part by efforts to cut costs by moving operations overseas and employing non-union workers. Delphi's stock price has continued to take off, with shares closing around $32 as of this week.


This page has been archived.
Comments are closed.

^ back to top ^

TwitterFacebook

Turn off all ads for a full year by subscribing!
Take advantage of our yearly subscription, and save 50% off the normal subscription price! One-year ad-free subscriptions are just $59.95. Turn off all ads for a full year by subscribing now and save!
Read more...

► LGF Headlines

  • Loading...

► Tweeted Articles

  • Loading...

► Tweeted Pages

  • Loading...

► Top 10 Comments

  • Loading...

► Bottom Comments

  • Loading...

► Recent Comments

  • Loading...

► Tools/Info

► Tag Cloud

► Contact

You must have Javascript enabled to use the contact form.
Your email:

Subject:

Message:


Messages may be published unless you request otherwise.
Tech Note:
Using the Contact Form
LGF Pages

This button leads to the main index of LGF Pages, our user-submitted articles. You can post your own LGF Pages simply by registering a free account with us.

Create a Page

This is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.

Or... you can just click this button to open the Pages posting window right away.

Last updated: 2015-04-18 5:26 pm PDT

LGF User's Guide
Recent Pages
Thanos
3 Young Women Jailed in Russia for Twerking Next to Monument
But according to the right it's us who live under tyranny... A court in southern Russia has sentenced three young women to brief jail terms for making a video showing them twerking next to a World War II memorial. Russia ...

8 hours, 5 minutes ago
Views: 227 • Comments: 0
Tweets: 11 • Rating: 2
EiMitch
Cracked: 5 Things You Won’t (Want to) Believe I Saw Guarding US Nukes
cracked.com If there happens to be anyone reading LGF who opposes nuclear disarmament for any reason, you probably need to know that our doomsday arsenal is less secure than a revolving door in a prison. I'm just saying that we're ...

11 hours, 2 minutes ago
Views: 156 • Comments: 0
Tweets: 0 • Rating: 0
TheTruthHurts
Israeli settlements profit from Palestinian children
Muhammad is one of hundreds of Palestinian children who has dropped out of school and started working for low wages in exploitive conditions to ensure some Israeli agricultural settlements prosper...

4 days, 12 hours ago
Views: 484 • Comments: 4
Tweets: 0 • Rating: 0
Higgs Boson's Mate
Sleeping Bear Dunes shipwrecks spotted by helicopter patrol
LEELANAU COUNTY, MI -- A Northern Michigan Coast Guard helicopter crew on routine patrol captured some excellent images of the shipwrecks that dot the waters off Sleeping Bear Dunes National Lakeshore. The Traverse City-based crew posted six photos on ...

5 days, 10 hours ago
Views: 473 • Comments: 1
Tweets: 2 • Rating: 6
CriticalDragon1177
Skepchick - Ad Hominem Fallacy: A Lesson for Sea World ( Video )
Rebecca Watson takes on Sea World, and their attacks on John Hargrove. She takes them to task for attacking him, rather than even trying to refute his allegations, and in the process gives us a lesson in critical thinking. Read ...

6 days, 6 hours ago
Views: 725 • Comments: 0
Tweets: 37 • Rating: 3
lostlakehiker
Solar will soon be as cheap as coal
Better wafer fabrication techniques Inside a sprawling single-story office building in Bedford, Massachusetts, in a secret room known as the Growth Hall, the future of solar power is cooking at more than 2,500 °F. Behind closed doors and downturned blinds, ...

1 week, 1 day ago
Views: 653 • Comments: 16
Tweets: 0 • Rating: 9
FemNaziBitch
IRS Should Crack Down on Private Equity’s Abusive Tax Alchemy
As Warren Buffett famously observed, "...while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks." He was referring to the fact that capital gains earned by wealthy investors are taxed at a ...

1 week, 1 day ago
Views: 448 • Comments: 1
Tweets: 0 • Rating: 1
philosophus invidius
Bioethicist Live-Tweets Her Son’s Sex-Ed Class
The tweets were simultaneously disturbing and hilarious. "We are going to roll this dice 8 times. Every time your number comes up, in pretend your condom failed and you get a paper baby." JESUS!!! — Alice Dreger (@AliceDreger) April ...

1 week, 3 days ago
Views: 626 • Comments: 7
Tweets: 2 • Rating: 9
Great White Snark
Pope Francis Uses ‘Genocide’ for Killings of Armenians
Grateful Armenia This consternation over the use of the word 'genocide' occurs regularly. And Armenians are equally upset, when Turkey protests it. Armenian Foreign Minister Edward Nalbandian rebuked Turkey. "We are in a situation in which Turkey speaks a ...

1 week, 6 days ago
Views: 577 • Comments: 0
Tweets: 0 • Rating: 4
 Frank says:

The language and concepts contained herein are guaranteed not to cause eternal torment in the place where the guy with the horns and pointed stick conducts his business.