Treasury Department Coordinated with GM in Corrupt Delphi Pension Cuts
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- Created on Wednesday, 31 October 2012 08:08
- Written by Darrell Lect
In August, we reported that the White House was deeply involved in the bankruptcy of General Motors (GM) and the cutting of some 20,000 pension plans for non-union Delphi workers. President Barack Obama, fresh in office, sought to pay back his union supporters for their massive role in the 2008 election. Thousands of employees lost a majority of their pensions simply for not being a labor union thug. It's corruption at its finest. New documents now reveal close coordination with the Treasury Department, GM and the Pension Benefit Guaranty Corporation (PBGC).