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To: Painesright

This cannot happen - once we start bailing out pension funds there is no end to it.


36 posted on 05/24/2010 12:16:57 PM PDT by unique
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To: unique
This cannot happen - once we start bailing out pension funds there is no end to it.

Actually I think it started with the expedited bankruptcy / govt takeover of GM which totally screwed the bondholders to benefit the UAW - both working and retired. You get to pay taxes to provide $3000 a month and silver plated health care to 52 yr old UAW retirees.

44 posted on 05/24/2010 12:27:27 PM PDT by nascarnation
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