EDITORIAL: The coming pension earthquake - Washington Times
More bailouts are on the horizon. Even though taxpayers will shell out at least $250 billion to cover losses from Fannie Mae and Freddie Mac, there’s another, much less known federally chartered corporation that’s racking up the red ink - currently $23 billion worth.
The Pension Benefit Guaranty Corp. (PBGC) could be the next to fall.
This east coast earthquake will really hurt!
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