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2009-09-15 — moneyandmarkets.com
"But really … the PBGC simply needs to get more money into its coffers. A lot of experts are calling for higher premiums being charged to member pension plans. And that may certainly happen. Yet there are two big drawbacks to this approach, as I see it:
First, as previously noted, there are already fewer and fewer companies offering defined benefit pension plans.
Second, charging the good plans higher premiums will only give companies one more reason to STOP providing defined benefit pension plans, which would exacerbate the existing problem. That leaves just one place for the PBGC to get its money … you and me!"
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catherine at 20:20 2009-09-15 said:
wrote about this a year ago and was soundly smashed with beatdowns accusing me of ignoring THE WONDERFUL BACK-UP PLANS FOR BANKRUPT PENSIONS AND INSURANCE FUNDS :lol: :lol: WELL THOSE SAFETY NET INSURANCE FUNDS TO COVER LOSSES IN THE INSURANCE INDUSTRY AND PENSION PLANS WERE EASY TO IGNORE BECAUSE :roll: THEY ARE BANKRUPT DREAM FUNDS YOU KNOW JUST LIKE FDIC - BIG FAT INDUSTRY THAT HAVE A GREAT NETWORK BUT ABSOLUTELY NO MONEY........(WHO IS NOW GOING TO BLEED THE "DEAD" BANKS FOR MORE MONEY TO FUND THEM :lol: :lol: ) now after the horses have left the barn, the hay and implements have ALL BEEN SOLD, the building is broke-down, in foreclosure and empty, WELL HERE COMES OUR INSURANCE FUNDS TO THE RESCUE AFTER WE GIVE THEM TRILLIONSM THAT IS............ YEAH WE BEEN HERE BEFORE ALREADY............... JP AND THE BANKS GOT ALL THE MONEY, ASK THEM............................... you think those 30-45 million unemployed are getting restless, whoa boy, you ain't seen nothing yet :shock: ............... WAIT TILL THOSE PENSION CHECKS ARE LIKE OWNIT'S RIGHT OF RECISSION CHECKS, YEAH, WORTHLESS...................... the STATE RUN MEDIA totally ignores 1.7 million in the streets, next time 4 million will be there...............just like Iceland Permalinkadd a comment | go to forum thread
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