Last week, The Nationexposed the Romneys investment in an autoparts manufacturer called Delphi.
Delphi, now in the possession of its hedge fund creditors, told the Treasury and GM to hand over $350 million immediately, “because if you don’t, we’ll shut you down.”Delphi then off-shored production to China, screwing tens of thousands of American workers, all while vulture-investors (including the Romneys) made off with a fortune.[snip]
The automaker had left the inventory of its steering column and other key components in Delphi’s hands. If Delphi laid siege to GM’s parts supply, the bailout would fail and GM would have to be liquidated or sold off—as would another Delphi dependent, Chrysler.