Saturday, January 28, 2012

The Real Romney Emerges, Again, and He Is Not Pretty

The more Romney is vetted and investigated, the more he is exposed,  and more is uncovered and discovered, which Romney either destroyed, like with his e-mails as Gov of Mass, or hid,  and when confronted on, uses his standard plausible deniability excuse, to brush them aside..

Here's the real Romney, a lying, greedy, corrupt, self-serving Bain Capital CEO, who used companies and people for his own personal financial profits. In essence, he was the Gordon Gekko of Wall Street.

Here's a factual excerpt quote from this article.. 

"Romney's Bain Controlled Company Linked to Medicare Fraud"
Friday, 27 Jan 2012, by Dave Eberhart -

quote- "Under Romney’s “supervision,” Bain purchased and ran the Damon Corporation, which pled guilty to Federal conspiracy charges -- as a result of tens of millions of dollars in systemic Medicare fraud.

When the dust settled after a consuming federal investigation, Damon was fined over $119-million, which was, at the time, the largest criminal healthcare fine in Massachusetts history.

Romney’s participation was characterized in 1996 by Corporate Crime Reporter: “As manager and board member of Damon Corp, Mitt Romney sits at the center of one of the top 15 corporate crimes of the 1990’s.”

While the medical testing company went bankrupt, with thousands losing their jobs, Bain Capital captured a $12 million profit— over $450,000 of that money going to Romney personally.  -unquote

Here's another factual article excerpt quote-

"Romney Backed by Goldman Sachs, Bailout Banks"
 Friday, 27 Jan 2012 - by Andrew Henry

The top donor to former Massachusetts Gov. Mitt Romney’s presidential campaign, investment banking and securities firm Goldman Sachs, received over $10 billion in emergency lending and bailouts from the Federal Reserve after the 2008 financial meltdown, according to public sources and published reports.

Goldman backed Obama for election in 2008, and the firm, like many Wall Street institutions, is now backing Mitt Romney for president.
Romney has long had a close relationship with Goldman Sachs. In 1999 Romney purchased initial IPO shares in Goldman that netted him $1.1 million in profits when he sold them in 2010. And The New York Times recently reported that “many of the assets in Romney’s blind trust” are
managed by Goldman.

Today, Goldman is Romney’s largest donor. And nine of Romney’s top 20 campaign contributors are big Wall Street Banks like Goldman. But Goldman leads all Romney contributors, having donated $367,200 to his campaign, according to the Center for Responsive Politics. And six of those nine top contributors received over $161 billion in taxpayer bailouts, reports ProPublica, the independent, Pulitzer Prize-winning investigative organization.

Romney’s ties to Goldman have already become a campaign issue. During Thursday’s CNN debate, former House Speaker Newt Gingrich stated that Romney profited from millions he invested in a Goldman Sachs fund that relied heavily on investments in the mortgage-backed securities linked to the 2008 implosion on Wall Street. Romney said he personally didn’t direct the investment, which he said was made through his trust."  - unquote

But here's Romney contradicting himself on Blind Trusts, let alone his own Blind Trusts-

"Mitt Romney Contradicts Himself on Blind Trust"
by, 26 Jan. 2012

quote- "Mitt Romney, in 1994, said ‘The blind trust is an age-old ruse. You give a blind trust rules. You can say to a blind trust, don’t invest in properties which would be in conflict of interest or where the seller might think they’re going to get an advantage from me.’ ” [Boston Globe, 10/19/1994] and “‘It’s a conflict of interest pure and simple – and it’s wrong for a U.S. senator,’ said Romney. ‘The fact that it’s a blind trust does not hide it.’ [Boston Herald. 10/19/1994] and “‘A United States senator has an obligation to tell its blind trust what it cannot and can invest in,’ Romney said.” [The Associated Press, October 18, 1994].

But, when confronted in August of 2007 about his investments in embryonic stem cell research and his significant stake in Iranian oil and gas interests, he said, “I did not direct any of my investments nor did I know of those investments,” [Washington Post, 8/15/2007] and “The trustee of the blind trust has said publicly that he will endeavor to make my investments conform to my positions and I have confidence that he will do that well,” [The Associated Press, 8/15/2007].

Romney calls frequently on state pensions to divest from Iran. His personal financial disclosure, however, reveals that he has up to $250,000 invested in Gazprom and $100,000 invested in Sinopec, both of which conduct multi-billion dollar oils deals with Iran."  -unquote