Sunday, August 19, 2012

Takes a "crony capitalist" to allege one...

Lyin' Paul Ryan recently complained about President Obama's alleged "crony capitalism." Really? Lyin' Ryan, the same guy who has taken more than $100K from the GOP-supporting Koch Brothers? Lyin' Ryan, the same guy who in his first few days as VP nominee raced to Vegas to meet with Sheldon ("I'm Going to Buy This Election No Matter What It Takes") Adelson (Adelson have at least $10M to Romney's superPAC so far). That Lyin' Ryan is claiming someone else is involved in "crony capitalism"?

Mitt Romney talking to another former Bain Capital exec, Tobin Ryan -- yes, he's Lyin' Paul Ryan's brother.

Is the Janesville mansion Ryan lives in, once owned by the Parker Pen magnate, a glass house? Has Mr. Ryan been throwing stones? Because there's a saying...

An investigation by The Telegraph newspaper (of London -- and shamefully not the New York Times, Washington Post or Ryan's congressional district's papers, The Milwaukee Journal Sentinel, Janesville Gazette, Kenosha News or Racine Journal Times) reveals what may be a major financial scandal involving Romney, Bain -- and Ryan's brother, Tobin, who worked at of all places, Bain Capital, at the time.

As the paper (The Telegraph, and not the other U.S. papers listed above who also have journalists covering the candidates, as far as we know) reported:
The Republican presidential candidate appears to have profited from a marketing company that was contracted by the state of Massachusetts after receiving $5 million (£3.2 million) in financial backing from Bain Capital, Mr Romney’s investment firm. 
One of his vice-presidential candidate's brothers, who is a former Bain consultant, was at the time of the investment a senior executive at the marketing company, Imagitas, which was co-founded by another former Bain executive.  
Both Mr Romney and Tobin Ryan, who omits his work at Imagitas from his corporate biography, also apparently stood to benefit from the $230 million (£146 million) sale of the company in 2005, while Mr Romney remained in office.
Massachusetts law requires that all state employees divest themselves of financial interests in private sector contracts with state agencies. At the time, failure to do so could have resulted in a $2,000 (£1,273) fine or a 2.5-year prison sentence. The potential punishments are now stronger.
The Telegraph story is sure to set off investigations by journalists living right here in these 50 states. Great, they're on it. After they nail this one, they might want to keep a better eye on Ryan and his capitalist cronies. Here's a hint -- the guy who cries "crony capitalist" probably is one.

No comments:

Post a Comment