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wickowick  LSU Fan Head of Island Member since Dec 2006 12838 posts
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| Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 8:12 am)
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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 4646 posts

| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 8:24 am to wickowick)
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 16738 posts

| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 8:35 am to wickowick)
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 7434 posts

| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 8:50 am to wickowick)
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 25194 posts
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| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 9:03 am to Luke)
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 7731 posts
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| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 9:22 am to wickowick)
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  LSU Fan Home Sweet Home SE Louisiana Member since Oct 2006 26229 posts

| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 11:47 am to wickowick)
"We must reward our friends and punish our enemies".
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Godfather1  LSU Fan Home Sweet Home SE Louisiana Member since Oct 2006 26229 posts

| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 11:49 am to Mo Jeaux)
(no message)
This post was edited on 8/7 at 11:51 am
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LSUgusto  LSU Fan Member since May 2005 15576 posts
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| re: Emails: Geithner, Treasury drove cutoff of non-union Delphi workers’ pensions (Posted on 8/7/12 at 12:13 pm to Godfather1)
If true, this is yet another outrage the MSM will completely ignore. Squeaky Clean!
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