Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions | TigerDroppings.com

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wickowick
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Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


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Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.

The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law.


quote:

One email dated Thursday, April 2, 2009 shows PBGC staffer Joseph House discussing a meeting he and his colleagues were anticipating with the entire auto bailout team the following day.

House emailed PBGC colleagues Karen Morris and Michael Rae that during the Friday morning meeting, the “agenda is everything — lead off with Chrysler, then we’ll get into GM/Delphi.”

Morris had written earlier that day that the PBGC team would “probably get invited to the Monday meeting at tomorrow’s meeting,” and that the Monday meeting would involve “talks” on the GM and Delphi portions of the bailout plan. Those strategies, she wrote, including “pension issues,” would be “kicking off” that Monday.

But after the Friday meeting, House emailed PBGC staffers Karen Morris and John Menke. “We’ve been disinvited,” he wrote. “It’s for the best.”

“Who uninvited us?” Morris replied.

“Treasury,” House responded.








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Luke
Auburn Fan
1113 Chartres Street, NOLA
Member since Nov 2004
5048 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


GM and Delphi executives should be imprisoned for this travesty. I know their history and it is inexcusable...





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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22367 posts
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re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


B...bu...But I heard it wasn't a government takeover. Just an "investment" in our future?.






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Mo Jeaux
LSU Fan
NYC
Member since Aug 2008
12832 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


The is nonsense meant to obfuscate. Obama saved the auto industry and prevented us from entering another great depression. Tim Geithner can, in fact, use turbotax.





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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


Why them? Why not the people within the administration that orchestrated the whole damn thing? I mean everyone of them including the President.





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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9160 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


I am not shocked in the least. Geithner is Holder is Sebelius is Obama.

All POS that should not have the authority they have.






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Godfather1
Army Fan
SE Louisiana
Member since Oct 2006
31615 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


"We must reward our friends and punish our enemies".





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Godfather1
Army Fan
SE Louisiana
Member since Oct 2006
31615 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


(no message)


This post was edited on 8/7 at 11:51 am


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LSUgusto
Member since May 2005
16281 posts

re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions


If true, this is yet another outrage the MSM will completely ignore.

Squeaky Clean!






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