Posted on 08/07/2012 1:03:23 PM PDT by SatinDoll
Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.
The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.
....
One email dated Thursday, April 2, 2009 shows PBGC staffer Joseph House discussing a meeting he and his colleagues were anticipating with the entire auto bailout team the following day.
House emailed PBGC colleagues Karen Morris and Michael Rae that during the Friday morning meeting, the “agenda is everything — lead off with Chrysler, then we’ll get into GM/Delphi.”
....
But after the Friday meeting, House emailed PBGC staffers Karen Morris and John Menke. “We’ve been disinvited,” he wrote. “It’s for the best.”
“Who uninvited us?” Morris replied.
“Treasury,” House responded.
[snip]
(Excerpt) Read more at market-ticker.org ...
AND THE HITS JUST KEEP ON COMING!
For further information on the BHO2s intentions on seizing 401Ks, read:
The 401k Confiscation: The Ghilarducci Plan Part 1 and Part II.
Romney is a Union Stooge.... as is Santorum...
Obama is getting away with stuff Nixon couldn’t imagine in his wildest dreams. We have to vote this guy out to stop his crime wave.
Timmy Turbo Tax Geithner who avoids paying his fair share cheats middle class workers out of their retirement pensions...sounds like tyranny to me.
Congress mulls major 401(k) changes (The Obama Retirement Ripoff of 2009)
Would Obama, Dems Kill 401(k) Plans?
Who is Teresa Ghilarducci? Clue: She and the Democrats want to seize your 401k plans.
Ghilarducci interviewed on plan to socialize 401(k) plans (instant Mark Levin classic)
Hearing on 401(k) plan grows to urban legend (MSM preparing people for government seizure of 401K!)
Dems Target Private Retirement Accounts
Seizing pensions, the final step to bankruptcy
I've been keeping an eye out for these stories ever since.
-PJ
campaign bribes shouldn’t be prerequisites for the Rule of Law being enforced.
How in the hell can the government cancel the pensions of 20,000 workers in a private business???
And for an arbitrary reason?
I would think they would be pretty damn pissed...
And what about closing the auto dealerships owned by republican donors? It was not because they were not selling cars (they were successful)
WHERE THE G.D.HE!! IS THE MEDIA ON THIS? ARE THEY ALL COMPLICIT???
Are they going to need legislation, or will they just be able to “do it.”
“How in the hell can the government cancel the pensions of 20,000 workers in a private business???
And for an arbitrary reason”
well, komrade, that would be because it is a fascist or socialist or communist government
I doubt if Hitler Stalin Castro Chavez et al worried about preserving pensions when they seized national resources and put their own stooges in charge of the factories
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