like enron, the workers' pensions at the failed institutions are disappearing while the people at the top get their golden parachutes
pensions down the tubes
- Thread starter Don Quixote
- Start date
uscitizen
Villified User
It is the American way. We all exist but to serve the big corporations.
Good Luck
New member
They should have learned from the Enron/WorldCom disaster. There should be a law that requires pension funds be kept COMPLETELY separate from a companies finances, and also severely limit what percentage of the fund can be invested in the company's own stocks. Then if a company goes down, the pensions transfer with the employees to wherever they find new employment.
not to mention the fraud perpetrated by the banks
rampant capitalism at work here - where will it strike next