nyorker

Companies Facing Pension Deficits and EPS Impact

It would be funny if it were not so scary.

The government learned to do with Social Secuirty the same thing many major Corporations did with their pesions......

Corporations need money ?

Take it out (or not pay into) of the pension funds.

Government needs money ?

Take it out of the Social Security fund.

The sorry part is - the next sucker CEO or US President will have to worry about it. This IS going to happen....but it will be WAY, WAY too late for anyone to fix.

And us Boomers are in for some nasty retirement surprises.

Kind of explains WHY we're in the financial mess that we are right now.....and I hear people saying the Government should run the banks ???

Yikes.

Why GM Should Embrace Bankruptcy

(Don't worry, there will be a government bailout of the auto companies courtesy of the Obama administration. The unions are already lining it up through their friends in Congress. The bondholders, stockholders and we taxpayers will be the only ones who take it on the chin.)

The unions are not the problem in this country, it is the greedy CEO's and their underlings who rape, pillage and plunder the corporations, employees and stockholders to line their pockets......

Or have you not been paying attention to the newspaper headlines ?