How the Treasury drove cutoff of non-union Delphi workers’ pensions?
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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.
The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law.
http://dailycaller.com/2012/08/07/emails-geithner-treasury-dr...
A fwd article: -jt
Top Opinion
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Aurora 2012/08/07 16:42:30
GM still owes millions to us, will we ever see it, I doubt it.
The auto union has no right to own GM stock, they are supposed to be non-profit.
Just more Thugonomics from the tax evader Geithner and obama.
Seems they have and had a plan all along for all of us!