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Reply With QuoteAnother fine Government program fully taken advantage of to the brink of being criminal.
And their answer will be, "Hey we are just using the system the government set up."
Re: Why a GM Bankruptcy Would Be a Disaster
Eight major auto supplier companies in Bankruptcy:
http://online.wsj.com/article/BT-CO-...01-715369.html
and now it appears the PBGC will be taking over the pensions from Delphi-
http://online.wsj.com/article/BT-CO-...06-714692.html
Delphi is/was the former AC/Delco branch of General Motors, before it spun off in 1999. The company was promised help from GM if necessary as part of the spin-off deal back then. Now it looks like the PBGC will be the ones paying pensions.
TSP Guru
Re: Why a GM Bankruptcy Would Be a Disaster
Another fine Government program fully taken advantage of to the brink of being criminal.
And their answer will be, "Hey we are just using the system the government set up."
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
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