Kettering Delphi acquired by Chris Semarjian, Industrial Commerce Ltd., and Stu Lichter with Industrial Realty Group (IRG).
Posted on 08/15/2012 1:52:07 PM PDT by Nachum
Republican House Ways and Means Committee chairman Dave Camp demanded Wednesday that the U.S. Treasury Department and the Obama administration release records connected to an emerging scandal surrounding autoworker pensions terminated during the auto bailout. The Pension Benefit Guaranty Corporation (PBGC) and the Treasury Department axed pensions in 2009 for 20,000 non-union salaried retirees who worked for Delphi. (Snip) Those emails demonstrate that Geithner and his Treasury Department were the driving force, and contradict sworn testimony in which several Obama administration figures have said that the decision to terminate the pensions came from the PBGC.
(Excerpt) Read more at dailycaller.com ...
The list, Ping
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It’s about time they got on this one. Those people were screwed.
So were GM bondholders. Royal screw job.
Sorting out the fraud of this administration will keep a small army busy for an entire career.
And the magic keywords are ..... non-union. If, and the key word is if, we had a Justice Department, they could spend all their resources 24/7 on just the crimes of the Executive Department.
We let the Executive Branch come in like some dictator with a wave of his finger screw the bondholders and give BILLIONS to the UAW.
MSM...what scandal?
It’s just not fair to pick on the non Union folks!
Kettering Delphi acquired by Chris Semarjian, Industrial Commerce Ltd., and Stu Lichter with Industrial Realty Group (IRG).
““I worked for 34 years at GM/Delphi Corp. When Delphi went bankrupt, we lost everything,” Dana Strickland of Michigan wrote me. “Because I was salaried (middle management), we lost our pension and health insurance. I did not belong to the union, so GM/Delphi could have cared less. I have never felt so betrayed. We never hear this brought to the public’s attention. People need to know how we were screwed, while the Obama administration kissed up to the union.”
“I’m one of the Delphi Salaried Retirees that lost the health care, life insurance and 67 percent of the pension I was promised in retirement after working hard for 40 years,” Charles Stone of Michigan e-mailed. “Words cannot describe the frustration and let down these events have thrust on my family’s lives, and to have GM’s rescue all sugar-coated in the current political environment is like putting lipstick on a pig. … We will continue to fight to right this grievous wrong.”
Tom Rose of Ohio added: “I am one of the 20,000 salaried retirees that lost all of my health care and — in my case — a 40 percent pension cut. So I am now paying increased health care costs with fewer pension dollars and contributing what is left to our lawsuit to correct this injustice. Meanwhile, the politically connected union has their full pension and 90-plus percent of their health care. You have hit upon the key question: How can our own federal government pick winners and losers amongst its own citizens?”
Through two costly years of litigation and investigation, the Delphi workers have exposed how the stacked White House Auto Task Force schemed with union bosses to “cherry pick” (one Obama official’s own words) which financial obligations the new Government Motors company would assume and which they would abandon based on their political expedience. Obama’s own former auto czar Steve Rattner admitted in his recent memoir that “attacking the union’s sacred cow” could “jeopardize” the auto bailout deal.
In June, 20 months after a federal judge first ordered the government to cooperate, the Delphi Salaried Retirees Association broke through the administration’s information stonewall and dislodged 62,000 pages of documents in their lawsuit to right the administration’s wrongs. As Matthew Boyle of The Daily Caller reported on Tuesday, the documents included “internal government emails (that contradicted) sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts … and that administration figures violated federal law.”
http://michellemalkin.com/2012/08/08/meet-the-real-workers-obama-screwed-over/
better not hold their breath...
This was all scripted by Steve “the rat” Rattner the “auto czar” and his deputy Ron Bloom who came from the Steelworkers union.
The courts are going to be busy in 2013 holding perjury trials for so many of these Obama administration officials. Perhaps they can get a group discount with their favorite law firm.
High Crimes and Misdemeanors......mmmmmmm, mmmmmmmm, mmmmmmm!
I can hear it now — Obama claims Executive Privilege! They ain’t getting those stinkin’ documents.
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