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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. -- 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 |
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![]() "Cub Driver" wrote in message news ![]() 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. |
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