On 13 May 2005 05:48:16 -0700, wrote:

It's the Pension Benefit Guaranty Corporation and it is still
technically not taxpayer-funded.

Neither were the savings & loan associations until the bailout came
due.

The PBGC overhang is nearly double what it cost us to straighten out
the S&Ls.


-- all the best, Dan Ford

email (put Cubdriver in subject line)

Warbird's Forum: www.warbirdforum.com
Piper Cub Forum: www.pipercubforum.com
the blog: www.danford.net
In Search of Lost Time: www.readingproust.com