Delphi retirees whose pensions were seized at the behest of Treasury. ~ Ask them how "rescued" they feel.
- Published: Tuesday, 06 November 2012 12:42
Truth about auto bailout skirted in both presidential campaigns
Daniel Howes | Detroit News | 2012-11-06
There are lots of legitimate ways to criticize Team Obama's execution of the auto bailouts, who they favored (union coffers and their members) and who they didn't (dealers, bondholders and Delphi Corp.'s salaried retirees). ~ conveniently ignored in the campaign by the president, his Treasury Department and his proxies are myriad dirty little secrets of the bailouts. ~ the Delphi retirees whose pensions were seized by the Pension Benefit Guaranty Corp. at the behest of Treasury. ~ Ask them how "rescued" they feel. Ask the Delphi retirees demanding to know who inside the administration decided to use public dollars to treat union and non-union retirees differently in bankruptcy. Read more... Detroit News article