Pages

Jump to bottom

2 comments

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This page has been archived.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.

Jump to top

Create a PageThis 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: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
Genuine Counterfeit Fake News UpdatesAn unknown source intimately acquainted with an alleged deep-cover WH shill confirms that there are four non-negotiable conditions for weeDonnieJohnnie to appear in person before the Special Counsel. weeDonnieJohnnie must be allowed to: bring his favourite Binky® Classic bring his ...
Möbiustripped
15 hours, 21 minutes ago
Views: 110 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Yes, Scarlett Johansson Was Calling Out James Franco in Her Women’s March Speech Addressing the 500,000 Women’s March attendees gathered in downtown Los Angeles Saturday and even more onlookers livestreaming it at home, Scarlett Johansson began her speech with a pointed barb aimed squarely at James Franco. “How could a person publicly ...
Thanos
20 hours, 40 minutes ago
Views: 169 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Russian Networks Pushing #ReleaseTheMemo Meme WASHINGTON (AP) — Twitter accounts linked to Russian influence operations are pushing a conservative meme related to the investigation of Russian election interference, researchers say. The purported Russian activity involves the hashtag #ReleaseTheMemo, a reference to a secret congressional ...
Thanos
2 days, 6 hours ago
Views: 161 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Shout Out Louds - ‘Jumbo Jet’ (Live at WFUV)wfuv.org • Follow @wfuv: ow.ly Shout Out Louds perform "Jumbo Jet" live in Studio A. Recorded 11.1.17. Host: Alisa AliAudio: Brian CullenCameras: Brian Gallagher, Dan Tuozzoli, Tyler Newfell, and Alexandra ReillyEditor: Tyler Newfell & Brian Gallagher
Thanos
2 days, 14 hours ago
Views: 168 • Comments: 0 • Rating: 0
Tweets: 0 • Share to Facebook
Shares: 0
Comments: 0
: 0
Improving the World of Sportsblog.timesunion.com Billy Joel once said, “The good old days weren’t always good, tomorrow’s not as bad as it seems.” From one native Long Islander to another let me just say, “Billy, you may be on to something.” I’m not one ...
rhoffman
4 days, 3 hours ago
Views: 333 • Comments: 0 • Rating: 0
Tweets: 1 • Share to Facebook
Shares: 1
Comments: 0
: 1
First Footage From the New Kodak Super 8 Film Camera Can't wait to get my hands on one. Probably gonna rent 'cause $2500 or more. But what a great look. One of Kodak’s goals is to make this new Kodak Super 8 camera “as easy to use as any ...
Unshaken Defiance
5 days, 18 hours ago
Views: 572 • Comments: 1 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
Grandparents Say ‘God Called’ on Perris Couple to Have So Many Children The couple accused of shackling their 13 children in filthy conditions in a Perris home were deeply religious and believed God had called on them to have so many kids, according to the grandparents of the children.David and Louise ...
Thanos
6 days, 6 hours ago
Views: 646 • Comments: 1 • Rating: 1
Tweets: 1 • Share to Facebook
Shares: 0
Comments: 0
: 0
How Russia Says It Swatted Down a Drone Swarm in Syria On the night of January 5, a swarm of explosives-laden small drones, apparently controlled by Syrian rebels, attacked two Russian bases in western Syria, the Kremlin confirmed on Thursday. Authorities claim that Russian defenses destroyed or disabled all of ...
Thanos
1 week, 1 day ago
Views: 931 • Comments: 0 • Rating: 1
Tweets: 4 • Share to Facebook
Shares: 0
Comments: 0
: 0
Woman at Center of Greitens Story Asks for Privacy; Greitens Asks Lawmakers for Forgiveness The woman’s plea for privacy came as Greitens was contacting state lawmakers to apologize for the scandal, which has stalled action in the Legislature and upended Missouri’s political world. Five Republican lawmakers told the Post-Dispatch that they received calls ...
Thanos
1 week, 1 day ago
Views: 885 • Comments: 0 • Rating: 0
Tweets: 3 • Share to Facebook
Shares: 0
Comments: 0
: 0
Hawaii Missile False Alarm Triggers Shock, Blame and Apologies Residents and visitors in Hawaii have been recalling the shock of a false missile alarm, with many saying they thought they were going to die. The alert of an incoming ballistic missile was sent wrongly on Saturday morning by ...
Thanos
1 week, 1 day ago
Views: 808 • Comments: 0 • Rating: 1
Tweets: 2 • Share to Facebook
Shares: 0
Comments: 0
: 0