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Bank of America Corporation Message Board

  • daytradejoe daytradejoe Mar 5, 2009 1:11 PM Flag

    AIG bailout = bailout of retirees

    Check out this website:
    http://www.pbgc.gov/

    "Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans"

    These PBGC is the primary payer to UAW aka. GM workers. Govn't keep pumping money into AIG so these UAW workers can keep living on their welfare pension while economy suffers. They are spenting on American tax dollars.

    That's why the regular dont want to reveal who benefit the most from AIG bail out.

    They are the one taking all the bailout money.

 
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