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#9
May 14th 05, 09:31 PM
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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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