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View Diary: Did Mitt Romney Loot Pension Fund and Stick Uncle Sam with Bill? (19 comments)

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  •  PBGC is purposely underfunded (0+ / 0-)

    and employers are legislatively permitted to underfund pensions,   and the gig is all about putting average taxpayers on the hook via US Treasury debt to the Fed Reserve.     The legislated expected rate of return of 8% on these pension funds is grossly overstated.    Since the wealthy Wall St financiers who play this don't pay much in taxes, that leaves only the cattle to pick up the tab.

    Those that are charged with regulating the hucksters such as the SEC, Fed Reserve and US Treasury have always been cronies of Wall St.    

    Pension raiding still exists by and for the elite at the expense of the many.  

    Victims of bigotry are the poorest, least influential members of society.......never the wealthiest, most educated, most overrepresented in high levels, and most influential. Bigotry hurts the least influential. To claim or say otherwise is absurd.

    by dailykozzer on Tue Jul 24, 2012 at 05:59:04 PM PDT

    [ Parent ]

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