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Motors, costing the taxpayers more money. he and his friends at the vulture capitalist made as you said 3,000% to 4,000% return on their investment in delphi by holding up general motors and costing the government more money. all right. let s talk costing taxpayers more. let s talk about this extort and hold up general motors. now, delphi is critical to the automobile manufacturing business. they, of course, manufacture parts that go into automobiles with general motors that they just couldn t make the vehicles without delphi s assistance. is that correct? right. if the parts don t come in, they can t build the cars. okay. so what happened here? what did romney s group do that was so terrible? well, they bought up the stock at this really low price then they demanded much larger cost per part from general motors. much bigger payments from general motors in order to deliver the parts. at a point, they were willing to force general motors to go into ....
Office of government ethics to investigate romney s finances. they say that romney has failed to disclose how much he profited from the automobile rescue. the allegations stem from romney s investment in delphi, a major auto parts supplier for general motors. the nation magazine reports ann romney invested at least $1 million in delphi in a blind trust at the height of the financial crisis. the romneys bought stock at bargain basement prices. delphi shares were going for 67 cents a piece before the automobile rescue. today delphi shares closed at $32.53. good for them. it s a 4,000% gain on romney s investment. now, we know the romney family made at least $15.3 million in the wake of the automobile rescue. but we don t know exactly how much romney made because he won t release his 2009 tax return. he won t tell us how much he actually invested. remember, mitt romney was against the automobile rescue. he wrote this op-ped in the new ....
Office of government ethics to investigate romney s finances. they say that romney has failed to disclose how much he profited from the automobile rescue. the allegations stem from romney s investment in delphi, a major auto parts supplier for general motors. the nation magazine reports ann romney invested at least $1 million in delphi in a blind trust at the height of the financial crisis. the romneys bought stock at bargain basement prices. delphi shares were going for 67 cents a piece before the automobile rescue. today delphi shares closed at $32.53. good for them. it s a 4,000% gain on romney s investment. now, we know the romney family made at least $15.3 million in the wake of the automobile rescue. but we don t know exactly how much romney made because he won t release his 2009 tax return. he won t tell us how much he actually invested. ....
Said 3,000% to 4,000% return on their investment in delphi by holding up general motors and costing the government more money. all right. let s talk costing taxpayers more. let s talk about this extort and hold up general motors. now, delphi is critical to the automobile manufacturing business. they, of course, manufacture parts that go into automobiles with general motors that they just couldn t make the vehicles without delphi s assistance. is that correct? right. if the parts don t come in, they can t build the cars. okay. so what happened here? what did romney s group do that was so terrible? well, they bought up the stock at this really low price then they demanded much larger cost per part from general motors. much bigger payments from general motors in order to deliver the parts. at a point, they were willing to force general motors to go into liquidation. they didn t invest that much, and to get this unbelievable, really i would call it, immoral ....
Liquidation. they didn t invest that much, and to get this unbelievable, really i would call it, immoral return, they held up general motors, said if you don t pay us these extra costs then we re not going to deliver the parts. without steering columns and brakes and other parts you can t build a car. that, of course, would have halted the automobile rescue and the progress we have seen today. so, in other words, it was after general motors, the automobile industry, got this bailout money, or this loan money, and this is when delphi went to work and this is where mitt romney profited. do i have that correct? that s right. that s exactly right. and then cost the taxpayer more money by what he did. okay. and now his campaign, as he continues to double down with radio and television ads saying that, you know, he s taking credit for the automobile loan program that actually saved the industry. and i need your reaction because i know that your workers took a haircut. i mean, as far as ....