Skip to main content

View Diary: Hostess took workers' pension money to fund itself (158 comments)

Comment Preferences

  •  How can this not be fraud? (0+ / 0-)

    If I tell you I'm going to give you money in exchange for you working for me, regardless of whether I promise to give it to you now, or put it in my mattress for 30 years before giving it to you, how is it not fraud if I don't do it?

    When a company goes bankrupt, employee salaries and pensions is where the money should go first - those are promises that should be without risk.  Bonds pay interest due to risk.  Investors are obviously putting money in investments with some risk...

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site