Unions, Good Government Groups to File Ethics Complaint Against Romney For Failing To Disclose His Big Auto Rescue Profit
Groups Urge Office of Government Ethics to Make Romney Disclose or Divest
WASHINGTON â€“ A coalition of community, labor and good-government organizations is calling on the U.S. Office of Government Ethics to investigate GOP presidential candidate Mitt Romney for noncompliance with the Ethics in Government Act and compel him to either disclose his investments or divest them.
â€œThe American people have a right to know about Gov. Romneyâ€™s potential conflicts of interest, such as the profits his family made from the auto rescue,â€ said UAW President Bob King. â€œItâ€™s time for Gov. Romney to disclose or divest.â€
In aÂ NationÂ magazine cover story, investigative reporter Greg Palast reported thatÂ the Romney family personally profitedÂ at least $15.3 million from the auto loans of 2009 through his investment in the Delphi Corp. auto parts company. Yet Romneyâ€™s June 1, 2012, Public Financial Disclosure Report to the Office of Government Ethics did not reveal this windfall because he did not disclose the underlying holdings of his private equity and limited partnership funds.
â€œWhile Romney was opposing the rescue of one of the nationâ€™s most important manufacturing sectors, he was building his fortunes with his Delphi investor group, making his fortunes off the misfortunes of others,â€ King added.
The groups sending the complaint letter, including SEIU, UAW, Citizens for Responsibility and Ethics in Washington, Public Citizen, Public Campaign, People for the American Way and The Social Equity Group, believe that Romneyâ€™s undisclosed stock holdings create serious conflicts of interest. They point to the auto rescue as a key example.
Here are details of a joint news conference to be held Thursday in Toledo, Ohio:
WHO: Â Â Â Â Â Â Â Â Â Â UAW President Bob King
Â Â Â Â Â Â Â Â Â Â Â SEIU Executive Vice President Tom Woodruff
Â Â Â Â Â Â Â Â Â Â Â Investigative reporter Greg Palast,
author of â€œMitt Romney’s Bailout Bonanza,â€ The Nation and â€œBillionaires & Ballot Bandits: How to Steal an Election in 9 Easy Stepsâ€
Â Â Â Â Â Â Â Â Â Â Â Delphi workers
WHAT:Â Â Â Â Â Â Â Â News conference on Mitt Romneyâ€™s conflicts of interest with his investments, Â Â Â including his profiting from the auto bailout
Â WHERE:Â Â Â Â Â Â UAW Local 12
Â Â Â Â Â Â Â Â Â Â Â 2300 Ashland Ave Toledo, Ohio
Â WHEN: Â Â Â Â Â Â Â Thursday, Nov. 1, 2pm
* * * * * * * *
Greg Palast is the author of the New York Times bestsellers The Best Democracy Money Can Buy, Armed Madhouse and Vultures’ Picnic.
Author’s proceeds from the book go to the not-for-profit Palast Investigative Fund for reporting on voter protection issues.
MEDIA REQUESTS: For interviews, review copies and excerpts contact us.