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Re: Government . . errrr. . . General Motors

By: ribit in POPE | Recommend this post (0)
Sun, 19 Feb 12 10:40 PM | 46 view(s)
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Msg. 51664 of 65535
(This msg. is a reply to 51651 by Zimbler0)

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zimbler
http://pbgc.gov/

...it the pension benefit guarantee corporation, only it ain't a corporation. Its a gubmint entity. The notion is that we can all put our pensions in this "corporation" and share.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Government . . errrr. . . General Motors
By: Zimbler0
in POPE
Sun, 19 Feb 12 6:09 PM
Msg. 51651 of 65535

Snapits> With Barry Obamba taking CREIDT for "saving" GM?


Hmmm.
I heard a rumor GM's pension plan was severely
underfunded . . .

http://money.cnn.com/2012/02/15/autos/gm_pension/index.htm

GM said its pension plan was underfunded. The automaker said it would release more details on that Thursday.

The automaker said that part of its incentive for switching the plan to a 401(k) is to transfer investor liability from the employer to the employee.

>>>

(People with entegrity would investigate this matter.)
Zim.


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