UAW Wants Romney To Disclose $15 Million Auto Bailout Profit

By Laura Matthews, International Business Times

It seems Republican nominee Mitt Romney still cannot shake the demons of the auto industry bailout he supposedly opposed, and a new one looks like it may well haunt him just days before the Presidential election.

The biggest auto workers’ union and several government and public interest groups say that they have filed an ethics complaint against Romney, alleging “serious conflicts of interest” and calling for the presidential nominee to release information about what they say are millions he made from the industry bailout. At issue are alleged investments the Romneys made in a hedge fund that owned a controlling interest in Delphi Auto, the former GM auto parts division.

Through the money that the federal government provided to prop up the automakers and their suppliers, Delphi received huge payments — ultimately $12.9 billion in taxpayer subsidies — and the hedge fund that the Romneys had invested in received a significant return, according to published reports.

http://www.ibtimes.com/uaw-wants-romney-disclose-15-million-auto-bailout-profit-857660

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