Quote:
Originally posted by Mmmm, Burger (C.J.)
Take it to the NYT letters page, sweetie; scandal or not, they've been reporting on problems in defined benefit plans for much of the last year. Maybe it's limited to a few companies, but if the companies are GM, Ford, UAL, AMR, and others, there's more than a small problem.
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Those entities have been financially distressed for fucking ever. They are basically obsolete and being propped up by the US gov't.
The plans are big enough that any significant upturn in the market makes what sounds like huge levels of underfunding disappear disappear overnight. HUGE, HUGE plans with a shitload of assets.
I am shocked that you of all people are taking that biased rag, the NYT, as gospel. Especially on an economic issue.
