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To: Jim from C-Town
‘Pension funds pay a premium to the Pension Benefit Guarantee agency.’ ...Yes, and just like the FDIC and Fanny and Freddie they have a permanent loss and run a massive deficit that is taken care of by Government back stopping. IE OUR MONEY!

I'm no expert on its operations. You'll have to take it up with PBGC, which says the following on its website:

PBGC receives no funds from general tax revenues

30 posted on 01/12/2012 2:55:27 PM PST by freespirited
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To: freespirited

General Tax Revenues.................OK! Technically neithjer does fannie or fredie


35 posted on 01/12/2012 3:33:04 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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