GM around 1999 for some reason, went bankrupt and then became the prey of vulture capitalists who buy up debt for cents on the dollar. As noted, these vultures profitted from the bail out opposed by Gov. Romney to the tune of more than 3000%.
"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."
Greg Palast, the author is an economist and writer.
Delphi, the autoparts supplier was acquired by a hedge fund, which then took all the money it could get from the GM bailout. That's how Republicans and the wealthy, seem to have it both ways, and make money regardless of who wins the issue.