Delphi Pension Scandal: A Story That Should Be Bigger

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Published: Friday, 24 August 2012 10:25

Stephen Kruiser | FreedomWorks | August 23, 2012

Perhaps the most insidious case of cronyism occured as part of the auto industry bailout at the Delphi automotive parts manufacturing company. Twenty thousand non-union workers had their pension plans terminated while those of Delphi's union employees were preserved.  ~ There is evidence, however, that Treasury Secretary Timothy Geithner was pulling the strings that made the PBGC dance. That evidence, along with the overwhelming egregiousness of termination of the pensions, has led to a bipartisan (Isn't that what we all want?!?) inquiry into exactly what went on during the decision making process for Delphi workers.  FreedomWorks article