This is a quick diary and information is still coming out but it seems like according to the Nation Magazine http://www.thenation.com/... and other news outlets Mitt Romney made anywhere from $15 to 115 million dollars off of the backs of taxpayers:
Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio. There, in September, the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” But Romney has done a good job of concealing, until now, the fact that he and his wife, Ann, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment
(emphasis mine)
This is an incredible article very definitely worth the read. It appears that Rmoneys purchased $1 million dollars of stock which was considered "junk" at the time. Some estimates are that the $1 million dollar investment is now worth a record $115 million. At the end of the day...the Romney's made a boatload of money from the auto-bailout.
That leaves one final question: Exactly how much did the Romneys make off the auto bailout? Queries to the campaign and the Romneys’ trustee have gone unanswered. And Romney has yet to disclose the crucial year of his tax returns, 2009. But whatever the tally, it was one sweet deal. The Romneys were invested with Elliott Management by the end of 2010, before Delphi was publicly traded. So, in effect, they got Delphi stock at Singer’s initial dirt-cheap price. When Delphi’s owners took the company public in November 2011, the Romneys were in—and they hit the jackpot.
Take a look at the video from Democracy Now
http://www.democracynow.org/...
UPDATE:
After Romney's investment group received the auto bailout money they fired all 25,000 union employees and moved the entire operation overseas.
Huffington Post now has the story http://www.huffingtonpost.com/...
HoundDog did a more detailed analyisis over in this diary http://www.dailykos.com/...
This is going to blow up. The cost to tax payers for Romney's profit was over 12 billion dollars.
