Greg Palast: Mitt Romney Made Millions From the Auto Bailout
  • October 18, 2012

Greg Palast: Mitt Romney Made Millions From the Auto Bailout

Greg Palast: Mitt Romney Made Millions From the Auto Bailout

The Romneys invested millions in a hedge fund that bought GM’s autoparts division, and it paid off big-time.

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It may surprise many voters to learn that Mitt Romney made at least $15 million from the auto industry bailout he attacked in 2008. But that’s just what investigative journalist Greg Palast reports in a new exposé in The Nation today, and he joined Democracy Now! this morning to talk about the Romneys’ stake in Delphi, GM's autoparts division. On the show, Palast also presents a video report detailing how Mitt Romney used Ann Romney’s blind trust to put millions of dollars in a hedge fund that bought Delphi for sixty-seven cents a share, received more than $12 billion in bailout funds and moved almost every one of its autoplants to China.

—Steven Hsieh

Read Greg Palast's exposé, "Mitt Romney's Bailout Bonanza."

Also: watch Palast discuss his New York Times bestseller, Billionaires & Ballot Bandits: How to Steal an Election in 9 Easy Steps.

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