Plutocrats never lose, it’s just a matter of how much they win
Greg Palast has a article in The Nation this week that should be blowing the lid off the Romney campaign. Sadly, it’s getting scant attention. The article, “Mitt Romney’s Bailout Bonanza”, shows how hedge fun managers manipulated the rescue of the auto industry in order to cash in heavily and earn millions in profits, paid for entirely by the American tax payers. In the process, they stripped workers of both their pensions and their union protections.
The sad part is, if we hadn’t bailed out Chrysler and GM, these vulture capitalist friends of Mitt Romney probably would have figured out a way to cash in even more.Read more ›