Monday, July 30, 2012

ROMNEY THE LIAR: CORRUPT AND LYING ABROAD AS WELL AS AT HOME

Willard's big foreign policy trip has been a comedy of errors as Not-Ready-for-the-Big-Time Mittens thoroughly alienated the people of our closest ally, the UK. But more than that: he was fund-raising over there--and, yet again, breaking his word


Not only did Romney fail at that no-brainer [burnishing his foreign policy credentials], he also put a foot through stateside customs. Before leaving on his overseas tour, he said that he would not criticize the current president on foreign soil, a long-standing, universally respected tradition in American politics. But then he spoke at an exclusive, closed-door fundraising dinner (tickets went for $50,000 to $70,000 apiece) sponsored by Barclays bank, which is currently in the middle of a whopping financial crisis. Eleven members of Parliament wrote a letter to the bank’s board members, demanding that they stop swelling Romney’s war chest and instead focus on repairing their own problems. Will Americans express outrage at this whiff of foreign influence? Obama catches hell when he raises money from Hollywood movie stars. What would happen if he flew to London or Paris and raised money from European movie stars (who don’t have as much influence as, say, European bankers). [My emphases above.]


Of course Willard lied when he said that he wouldn't criticize President Obama overseas. And of course he's thick as thieves with the Barclays boys. You remember them.


THEY'RE  THE ONES WHO HELPED CAUSE THE BIGGEST FINANCIAL SCANDAL ON THE FREAKING PLANET RIGHT NOW. AND THEY'RE RAISING MONEY FOR WILLARD.


(See the BBC's timeline of the scandal here.) 


Not only does the stench of lies hang around Willard. Just as offensive is the stench of corruption. Willard was a corporate raider who rose to great wealth with the help of, uh, should we say some questionable characters. The Boston Globe had the story a month ago. I quote:

It was at the height of the 1980s buyout boom when Mitt Romney went in search of $300 million to finance one of the most lucrative deals he would ever manage. The man who would help provide the money was none other than the famed junk-bond king Michael Milken.


What transpired would become not just one of the most profitable leveraged buyouts of the era, but also one of the most revealing stories of Romney’s Bain Capital career. It showed how he pivoted from being a relatively cautious investor to risking his reputation for a big payoff. It is one that Romney has rarely, if ever, mentioned in his two bids for the presidency, perhaps because the Houston-based department store chain that Bain assembled later went into bankruptcy.


But what distinguishes this deal from the nearly 100 others that Romney did over a 15-year period was his close work with Milken’s firm, Drexel Burnham Lambert Inc. At the time of the deal, it was widely known that Milken and his company were under federal investigation, yet Romney decided to go ahead with the deal because Drexel had a unique ability to sell high-risk, high-yield debt instruments, known as “junk bonds.”


...Romney, meanwhile, once referred to the deal as emanating from “the glorious days of Drexel Burnham,” saying, “it was fun while it lasted,” in a little-noticed interview with American Banker magazine.


The “glorious” part, for Romney at least, was that he used junk-bond financing to turn a $10 million investment into a $175 million profit for himself, his partners, and his investors. 


Don't forget the other questionable characters connected with the start of Bain Capital (see this story here and this story here. ). Money funneled through Panama, money that is hard to trace. Money from Salvadoran right-wingers. Money from international conman and thief Robert Maxwell. And now Romney is raising money for his campaign in a FOREIGN COUNTRY in an effort being led by the MOST CORRUPT BANK IN THE WORLD.


Romney isn't just a liar; he's the dirtiest, most corrupt liar out there. Maybe that's why he won't answer this question:


WHAT'S IN YOUR TAX RETURNS YOU DON'T WANT US TO SEE, WILLARD?

4 comments:

  1. Romney isn't just a liar; he's the dirtiest, most corrupt liar out there. Maybe that's why he won't answer this question:


    WHAT'S IN YOUR TAX RETURNS YOU DON'T WANT US TO SEE, WILLARD?

    TRUE TRUE TRUE!!!!

    ReplyDelete


  2. شركة كيان لنقل العفش بالرياض والمدينة المنورة وجدة ومكة والطائف والدمام تقديم لكم دليل كامل لشركات نقل العفش بالمملكة العربية السعودية
    نقل عفش شركة كيان
    دليل شركات نقل العفش
    شركة نقل عفش بالمدينة المنورة

    ReplyDelete