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Old May 14th 05, 08:31 PM
Matt Barrow
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"Cub Driver" wrote in message
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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.


And about 1/4th what it's going to cost to fund the Federal Employee
retirements.

If you think UAL has a flaky employment/retirement arrangement, just wait
for the Civil Service fiasco to hit the wall.