Thread: GM going broke
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Old 23 Nov 2005, 12:10 pm
quicksilverdon quicksilverdon is offline
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And, just like airlines that went belly up, workers will get screwed out of pensions they earned.
I heard GM's pension fund is something like $37 BILLION underfunded...
Used to be a company had to fund their pensions, then the law got changed and workers by the thousands get screwed. Congress needs to go and change it back. You can't count on your retirement any more...
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