Thadeus III

GM Bankruptcy: An Inflection Point for Underfunded Pension Plans?

Oh, BTW. These said companies should get business loans from banks just like any other business, instead of borrowing money in the form of bonds or stocks which created this mess we are in.

GM Bankruptcy: An Inflection Point for Underfunded Pension Plans?

I suppose it isn't possible that you are buying into a financial philosophy that has some major practical flaws, not to mention oral ones. But never mind. When your balloon bursts you'll soon realize it. If companies simply turned over the "dividends" to the workers who helped produce the excess profits instead of giving them to "do nothings" like you then these said companies would have no trouble funding the promised pension plans. But since you've been an admitted loser all your life paying child support , dropping out of accounting school, and agreeing to $9/hr you have no conscience ripping off the people who actually work making the money you skim. That's the whole problem with the Wall St. mentality pal. It has gotten way out of hand. We would all be far better off without stocks, bonds, and other financial instruments subject to corruption. But you apparently like to look the other way and admit that. No thanks. You talk out of both sides of your mouth.

GM Bankruptcy: An Inflection Point for Underfunded Pension Plans?

Yes I expect a pension. If the company I started working for offered that as PART of the total compensation package for my job , you bet we do. What the H3ll, you don't realize that most companies did have DB pensions since WWII and then due to stock holder greed, CEO and management obscene wages/bonuses, and other dubious "skimming " practices both workers and their companies got fleeced. And just quit with the deriding "mommy & daddy" crap. What makes you think investors should reap obscene gains from just pushing paper around and profiting from employees hard work? If more companies were fair, there would still be DB compensation packages. But investors want their almighty "irrational exuberance" for gains on stocks and bonds. Go fly a kite with your perception of the way compensation for employees should be made. You will never have a chance for a pension or benefits if you don't realize where the profits are really going.