Pension Guarantee Program News Today

Instead of the indiana paper mill that ted kennedy used in the ads against mr. romney in 1994, eight years later in 2002, shannon obrien decided to use the gst steel mill experience against mr. romney. gfc still steel mill was a mill in operation since 1888 before bain got ahold of it. the end was the mill shut down. 750 jobs lost. their pension benefits were cut by hundreds of dollars a month. on the pension thing specifically, the federal government had to pitch in tens of millions of dollars ...

Off through a pension guarantee program. but hey, bain made money off it. mitt romney made money off it. shannon obrien hit mitt romney with that story in 2002. newt gingrich hit mitt romney with that story this year. the whole king of bain thing that newt gingrich deployed against mitt romney. rick perry hit mitt romney with that last year. president obamas campaign hits mr. romney with it, too. >> they issued 125 million dollars of bonds. and out of that $125 million debt, they paid themselves...

Case that was mentioned involving the steel mill to take money out of this company, that didnt have a properly funded pension and fawn it off on the pension guarantee program is clearly an important part of this story. there are other parts of it that have not come out yet with other companies, where they made changes to the benefit programs of workers. if you have a business and you want to sell it, one of the first things you do, if youre one of the companies that comes in and buys firms to se...

Pensions? >> theres no question, that they were able in the particular case that was mentioned involving the steel mill to take money out of this company, that didnt have a properly funded pension and fawn it off on the pension guarantee program is clearly an important part of this story. there are other parts of it that have not come out yet with other companies, where they made changes to the benefit programs of workers. if you have a business and you want to sell it, one of the first things y...

And shannon obrien, no surprise, decided to run by upstating the same attacks that were so devastating against romney eight years earlier in the ted kennedy senate race. instead of the indiana paper mill that ted kennedy used in the ads against mr. romney in 1994, eight years later in 2002, shannon obrien decided to use the gst steel mill experience against mr. romney. gfc still steel mill was a mill in operation since 1888 before bain got ahold of it. the end was the mill shut down. 750 jobs lo...

>> theres no question, that they were able in the particular case that was mentioned involving the steel mill to take money out of this company, that didnt have a properly funded pension and fawn it off on the pension guarantee program is clearly an important part of this story. there are other parts of it that have not come out yet with other companies, where they made changes to the benefit programs of workers. if you have a business and you want to sell it, one of the first things you do, if ...