Will Romney and the other bankruptologists ever come clean about the real reason they wanted GM bankrupt ?

Magick

New member
The billions of dollars of pension funds for them to steal .
@ Mike W : That is only half the story . They wanted the pension funds ( the only remaining capital the company had ) to pay off investors and leave the workers completely broke . His career at Bain Capital consisted of going after union companies and using the bankruptcy laws to steal the money in fees . Look at their record . They buy into a good company seizing the pension funds , quit making payments , used the capital to attract investors , then sold the shares of the company BACK TO THE COMPANY causing enough debt to collapse , left investors high and dry because their deliberate efforts bankrupted the company and the government Pension Guarantee Fund left holding the bag for the billions they took from them .. All the while moving their new money off shore where US bankruptcy courts couldn't get it . Modern day pirates .
Screwing the unions was only what they used to cause public outcry while they were busy going after the big dollars .
 
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