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#1
01-31-2012, 12:21 PM
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More government bailouts
http://www.nytimes.com/reuters/2012/...rs-amr.html?hp
PBGC, should it be? Sure "insurance" coverage is paid in theory.
__________________
"It makes no difference who you vote for — the two parties are really one party representing four percent of the people." GORE VIDAL (RIP) 
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#3
01-31-2012, 01:12 PM
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Quote:
The day may come. Backstopping private decisons with public guarantees are just failures waiting to happen.
__________________
"It makes no difference who you vote for — the two parties are really one party representing four percent of the people." GORE VIDAL (RIP)
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#4
01-31-2012, 01:13 PM
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Anyway, to answer your question, of course the PBGC will be bailed out, probably many years from now and over many, many years as the losses slowly add up. There's no way to charge an appropriate "insurance" premium for that risk and they don't even really try to.
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#5
01-31-2012, 01:14 PM
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Quote:
True.
__________________
"It makes no difference who you vote for — the two parties are really one party representing four percent of the people." GORE VIDAL (RIP)
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