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BlueStreak

(8,377 posts)

2. This is something that has really bothered me

Reply to kpete (Original post)

Mon Oct 1, 2012, 10:24 AM

Oct 2012

The pension raiding seems like an afterthought in most of the discussions. But it should be the headline, I would have thought.

I guess the issue is that most Americans now have no pension and don't even understand the concept.

The concept is that workers accepted a lower rate of pay over the years because the company was willing to put money into a pension plan.

And when Romney comes in and raids that plan, isn't that a felony? Why is he not in jail?

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Highlight:

Romney's Values Perfectly Summed-Up [View all] kpete Oct 2012 OP

k Blecht Oct 2012 #1

This is something that has really bothered me BlueStreak Oct 2012 #2

Back in the early 90s Semi_subversive Oct 2012 #7

I worked on presentations selling these types of deals. philly_bob Oct 2012 #3

Romney's brand of capitalism isn't of the Henry Ford variety aint_no_life_nowhere Oct 2012 #4

this is exactly the problem byoung6 Oct 2012 #5

Under US law this is illegal BUT..BUT it really depends on what the buyout people thought would... uponit7771 Oct 2012 #6

I don't know the pension law, but I notice he did that in the bankruptcy court BlueStreak Oct 2012 #8