On Thu, 15 Apr 2010 09:52:41 -0700, Gunner Asch
wrote:
http://d.yimg.com/kq/groups/17260182...e/ftc-vi26.wmv
No comment necessary
Gunner
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You may also like this zinger. Be sure and scan the reader
comments.
http://news.yahoo.com/s/time/2010041...cGVuc2 lvbmZ1
GM's Pension: A Ticking Time Bomb for Taxpayers?
By JOSEPH R. SZCZESNY Joseph R. Szczesny – 2 hrs 46 mins ago
General Motors Corp. may no longer be the world's biggest
automaker, but it still operates the country's largest pension
fund. The threat to its pension plans has always been an issue,
butit took on a new urgency when GM disclosed April 7 that its
plans were underfunded by more than $27 billion, with more than
half of that being owed to U.S. workers and retirees. Across
town, a post- bankrupt Chrysler faces its own pension shortfall.
Moreover, a report last week from the Government Accounting
Office (GAO) says the pension crisis in the auto industry could
create an unprecedented crisis for the federal Pension Benefit
Guarantee Corp., a government-sponsored organization to backstop
company pensions.
snip
It is clear the "fall-out" from the economic implosion is far
from over.
Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).