Twinkie CEO Admits Company Took Employees Pensions and Put It Toward Executive Pay

Discussion in 'Politics' started by DaGoose, Dec 12, 2012.

  1. DaGoose
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    DaGoose Gold Member

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  2. Lakhota
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    Lakhota Diamond Member

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    Unbelievable! So, taxpayers will end up paying for their fraud. Much like taxpayers subsidizing Walmart.
     
  3. asterism
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    asterism Congress != Progress

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    How PBGC Operates
     
  4. LeftCoastVoter
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    LeftCoastVoter Member

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    hahah, i noticed the conservatives have avoided this thread like the plague.
     
  5. asterism
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    asterism Congress != Progress

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    Except for the part where I exposed the lie about taxpayers paying.
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    The whole thing is pretty much a lie starting with the executives stole and ending with technically not illegal. What happened is out there someplace. Someplace else.
     
  7. Toronado3800
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    Toronado3800 VIP Member

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    Sounds like an FDIC inspired plan.

    Woukd it be fair to say:

    Knowing the pension fund would be paid for out of the "emergency" program they took advantage of the system and did not fund it.

    And of course now there is less left in that system and it is closer to being bailed out or everyone else's rates will go up. (really I dont know its balance sheet but hey, this cant help).

    Was this a big government program coming to save the day?
     
  8. DaGoose
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    DaGoose Gold Member

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    Trust me....YOU'RE PAYING. And if you work and pay taxes then you're a taxpayer that's paying. The money doesn't appear out of thin air, my friend.
     
  9. Politico
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    Politico Gold Member

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    They did no such thing. Those were compensation packages that are needed to keep staff on.
     
  10. Lakhota
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    Lakhota Diamond Member

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    Sooo, NaziCons say Obamaphones cost the taxpayers even though they're paid for by private companies.

    Then, they try to say that bailing out pension funds doesn't cost the taxpayers because PBGC is funded by insurance premiums.

    Really...? Can you really have it both ways...?
     

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