Why did Romney not want to publicly disclose his tax returns? What was he hiding? A BBC reporter has discovered and traced the behind-the-scenes, blind trust in Ann Romney’s name that made with others billion dollars from the GM bankruptcy bail-out, through its buyout, discounted purchase of Delphi, GM’s spun-off parts-making unit. Romney accuses GM bailout and federal bridge loan as payoffs to cronies. But the forced leverage exerted by a owners group that included his wife’s blind trust and other Delphi investor-owners, some of whom were close, long term friends of Mitt Romney, shows how the implosion of the US economy and a major US industry paid off billions in return.

How did it happen? After buying GM parts supplier, Delphi, a purchasing group that included Ann Romney, unidentified as a limited partner, threaten to shut down the US auto industry–unless they were paid $6 billion. Then they closed and moved 28 parts plants to China, after taking the pensions and benefits of the former US workers.

Listen here to a credible interview with the journalist that explains and outlines the facts behind this massive Romney cash grab from the Treasury. Here is a link to the cover story at the Nation, an established, highly regarded intellectual journal, which features the story on its November 5th issue, now out. Click here to read the complete article on Romney’s bailout bonanza. (If the video is unavailable, click here: [http://www.youtube.com/watch?v=-_Yyc8-XNPQ&feature=youtu.be&a].)

A report and interview with the BBC journalist also appears on Democracy Now, at:[http://www.democracynow.org/2012/10/18/greg_palast_mitt_romneys_bailout_bonanza]