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Former Obama auto czar, Treasury officials break in eleventh hour...
The Daily Caller ^ | 07/10/2012 | Matthew Boyle

Posted on 07/10/2012 3:46:41 PM PDT by Hotlanta Mike

President Barack Obama’s former auto industry adviser and two former Treasury Department officials cracked at the last minute before a House oversight committee subcommittee hearing and agreed to stop stonewalling an investigation into alleged union favoritism during the administration’s General Motors bailout.

Ron Bloom, Obama’s former auto czar, and former Treasury officials Matt Feldman and Harry Wilson have refused to give interviews to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) about their roles in topping up pensions for union workers while non-union workers lost nearly their entire pensions.

The Treasury Department’s actions during the auto bailout caused 20,000 non-union workers from Delphi to lose most of their pensions. Delphi, a GM company, is one of the largest automotive parts manufacturers in the world. Its workers lost their pensions when the government bailed out GM.

While those non-union Delphi workers lost nearly their entire pensions, United Auto Workers union members’ pensions were topped off and made whole.

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: 2012electionbias; autoczar; bailout; carczar; cronycommunism; cultureofcorruption; delphi; democratscandals; fatcatdemocrats; federalinvestigation; generalmotors; gm; governmentmotors; harrywilson; mattfeldman; mediablackout; movealong; nothingtoseehere; obamaczars; obamascandals; obamunism; orwelliannightmare; payback; politburo; ronbloom; sigtarp; stimulus; tarp; theft; treasurydepartment; uaw; unionscandals

1 posted on 07/10/2012 3:46:44 PM PDT by Hotlanta Mike
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 07/10/2012 3:57:45 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Hotlanta Mike

Thieves, one and all. No integrity and my do they love to tell lies. Corruption top to bottom.


3 posted on 07/10/2012 4:02:40 PM PDT by winkadink (During times of universal deceit, telling the truth becomes a revolutionary act. George Orwell)
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To: Hotlanta Mike
I know! This is all over the media and Romney is ON IT!!!
4 posted on 07/10/2012 4:05:14 PM PDT by Dogbert41 ("...The people of Jerusalem are strong, because the Lord Almighty is their God" Zech. 12:5)
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To: Dogbert41

I had sacasm tags on that, but I guess they don’t show LOL


5 posted on 07/10/2012 4:06:23 PM PDT by Dogbert41 ("...The people of Jerusalem are strong, because the Lord Almighty is their God" Zech. 12:5)
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To: winkadink

What about the secured bondholders who got cheated as well?

They were given “secured” bondholder status to entice them to loan money to GM on the basis that if the company was to go under they would be first in line during any bankruptcy or liquidation of the assets.

Obama et al are nothing more than a criminal cabal...CRIME INC


6 posted on 07/10/2012 4:45:52 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: cripplecreek; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks Hotlanta Mike.
The Treasury Department's actions during the auto bailout caused 20,000 non-union workers from Delphi to lose most of their pensions. Delphi, a GM company, is one of the largest automotive parts manufacturers in the world. Its workers lost their pensions when the government bailed out GM. While those non-union Delphi workers lost nearly their entire pensions, United Auto Workers union members' pensions were topped off and made whole.

7 posted on 07/10/2012 5:51:39 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Hotlanta Mike
What about the secured bondholders who got cheated as well?

Death to the BondHolders.

Death to the ShareHolders.

And it's not CRIME INC, it's Hope and Change.

8 posted on 07/10/2012 5:52:52 PM PDT by SJackson (blow in a dog’s face, he gets mad at you, take him on a car ride; he sticks his head out the window)
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To: SJackson

bttt
This is big and really ugly news. One of the first things Obama did was ignore commercial law, pension law and private property rights with this evil deal. It represented outright theft on a mega-grand scale, which has become par for the course for this band of con artists.


9 posted on 07/10/2012 6:43:57 PM PDT by RatRipper (Obama, YOU LIE!!! . . .again and again and again and again, ad infinitum. . . .)
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To: Hotlanta Mike

Some are more equal than others.


10 posted on 07/10/2012 7:14:40 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: Hotlanta Mike
And please, let's not forget the insane “cash for clunkers” program these same insane criminals came up with.

Quadruple the “trade in value” for older dependable used cars and trucks, and enable the “government” to buy then destroy them.

Voila!
A modest, very short term uptick in new car sales, and an extremely prolonged inflated market based on depleted inventories of used cars, for all of us “poor people” who couldn't afford a new car before the program, and now can't afford to buy a decent used one afterwards, without going deeply into usury levels of debt. This administration is not merely stupid and criminal, it is actively malicious.

11 posted on 07/10/2012 7:17:19 PM PDT by sarasmom ( http://www.youtube.com/watch?feature=player_embedded&v=xZsFe6dM3EY)
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