Comments on: Delphi $323m Short On Pension Fund Contributions http://www.thetruthaboutcars.com/delphi-323m-short-on-pension-fund-contributions/ The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 22 Nov 2009 10:29:59 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Banned User http://www.thetruthaboutcars.com/delphi-323m-short-on-pension-fund-contributions/comment-page-1/#comment-342212 Banned User Wed, 16 Apr 2008 23:32:28 +0000 http://www.thetruthaboutcars.com/delphi-323m-short-on-pension-fund-contributions/#comment-342212 The pensions are a ponzi scheme and you're going to see alot of failures when the baby boomers start retiring in mass. Not to mention the healthcare system trying to buy diapers for that huge bubble of postwar exuberance. The pensions are a ponzi scheme and you’re going to see alot of failures when the baby boomers start retiring in mass. Not to mention the healthcare system trying to buy diapers for that huge bubble of postwar exuberance.

]]> By: yankinwaoz http://www.thetruthaboutcars.com/delphi-323m-short-on-pension-fund-contributions/comment-page-1/#comment-341082 yankinwaoz Wed, 16 Apr 2008 19:02:08 +0000 http://www.thetruthaboutcars.com/delphi-323m-short-on-pension-fund-contributions/#comment-341082 Strange. Very strange. My gut tells me that there is more going on here than meets the eye. So why wouldn't a company ditch its pension plan on the taxpayers like the airlines did? They certainly could have. Why would the company risk having a pension take over by the PGBC, especially seeing how it is legally underfunded? I can only think of one reason. Because the pension is is worse shape than they have said. And because they are scared to death to loose whatever funds the pension has (or perhaps doesn't have) on the books. Something seriously stinks here. Strange. Very strange. My gut tells me that there is more going on here than meets the eye.

So why wouldn’t a company ditch its pension plan on the taxpayers like the airlines did? They certainly could have. Why would the company risk having a pension take over by the PGBC, especially seeing how it is legally underfunded?

I can only think of one reason.

Because the pension is is worse shape than they have said. And because they are scared to death to loose whatever funds the pension has (or perhaps doesn’t have) on the books.

Something seriously stinks here.

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