Ann Romney Investment in GM/Delco a Conflict
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Ann Romney Investment in GM/Delco a Conflict

Detroit : MI : USA | Oct 26, 2012 at 8:15 AM PDT
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Ann Romney (R), wife of Republican presidential candidate Mitt Romney, before the second debate

Ann Romney purchased pre bankruptcy shares in Delco with the express purpose to align herself with vulture capitalist Paul Singer.

The vulture play held Delco hostage and rewarded the opportunists with over 3 billion dollars. These vulture capitalists invested millions of dollars in the Romney Campaign for president. Ann and Mitt Romney reportedly made close to 115 million dollars from this transaction. It also closed down the Delco presence in the USA and 25,000 jobs were lost to Delco China.

The Romenys quickly moved their profit to the Channel Islands,Jersey a tax haven designed to avoid US taxes. It became apparent to reveal the 2009 tax returns was made impossible as a result of this huge capital gain. Romney wouldnt support the auto workers in the USA was quick to make a huge profit at their expense.

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US Republican presidential candidate Mitt Romney and his wife, Ann Romney, in Florida
US Republican presidential candidate Mitt Romney and his wife, Ann Romney, in Florida
ExaminedLives is based in Toronto, Ontario, Canada, and is a Stringer for Allvoices.
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