Belmont Club

By Richard Fernandez

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November 8, 2008 - 2:21 pm - by Richard Fernandez
slade
2008-11-08 18:08:43

During the late 90’s and earlier in this decade, a bunch of steel makers went “bankrupt”, to shed their pension and legacy costs from agreements made with USW in the 60’s and 70’s – E. Nigma

As I’m sure most here know, the pension liabilities were dumped on the PBGC, another GSE that is now facing bankruptcy.