Wednesday, May 11, 2005

They couldn't save Schiavo, but United still has a chance

Judge Eugene Wedoff (Eugene? Really?) saw enough potential in United Airlines to agree to foist FOUR pension plans onto the Pension Benefit Guaranty Corporation
  • PBGC

  • So the taxpayers stay on the hook, and pensioners (and future pensioners) get hosed.

    From the Chicago Sun-Times:
    Judge Wedoff said he was "choosing the least bad among a number of unfortunate choices."

    How about letting this corporate behemoth go gently into that good night, sell off the assets, and fund the pensions?

    JEB, George, De Lay and Congress couldn't save Terrry Schiavo, but by God they're going to rescue United.

    P.S. United's pension default is the largest in U.S. history. So far.

    1 comment:

    JulieD said...

    from the moment terry schiavo became a cause taken up by the republicans, i couldn't help but be reminded of the 157 people who were executed while bush was governor of texas. the hypocrisy is staggering.