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.