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While I realize the source is a tad biased, this story seems to be well documented and might gain some real traction. It a long article and yet another sordid story of equity capital.
Mitt Romney's Bailout Bonanza | The Nation
"Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment."
.......
Making good on the full pensions for salaried workers would cost Delphi a one-time charge of less than $1 billion. This year, Delphi was flush with $1.4 billion in cash— meaning its owners could have made the pensioners whole and still cleared a profit. Instead, in May, Delphi chose to use most of those funds to take over auto parts plants in Asia at a cost of $972 million—purchased from Bain Capital.
Mitt Romney's Bailout Bonanza | The Nation
"Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment."
.......
Making good on the full pensions for salaried workers would cost Delphi a one-time charge of less than $1 billion. This year, Delphi was flush with $1.4 billion in cash— meaning its owners could have made the pensioners whole and still cleared a profit. Instead, in May, Delphi chose to use most of those funds to take over auto parts plants in Asia at a cost of $972 million—purchased from Bain Capital.
