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<blockquote data-quote="PoirotAtUPS" data-source="post: 5667735" data-attributes="member: 104493"><p>New England was in bad shape before the “bailout“ - payouts had been cut to less than half and they were floating raising the minimum age to retire. Thankfully the ”bailout” restored their pensions. There was little those victims could do given they could no longer physically do their old jobs.</p><p></p><p>Look at all the nonsense on the WSJ with Rupert Murdoch trying to put forward Michael Milken as an angel instead of the thief he was in supporting the fat cats who sank those companies while raiding their “overfunded“ pensions. A law should’ve been passed decades ago making it illegal to ever dip into a pension fund by CFOs. Those retired executives are still sitting on that money - look no further than Henry Kravis.</p></blockquote><p></p>
[QUOTE="PoirotAtUPS, post: 5667735, member: 104493"] New England was in bad shape before the “bailout“ - payouts had been cut to less than half and they were floating raising the minimum age to retire. Thankfully the ”bailout” restored their pensions. There was little those victims could do given they could no longer physically do their old jobs. Look at all the nonsense on the WSJ with Rupert Murdoch trying to put forward Michael Milken as an angel instead of the thief he was in supporting the fat cats who sank those companies while raiding their “overfunded“ pensions. A law should’ve been passed decades ago making it illegal to ever dip into a pension fund by CFOs. Those retired executives are still sitting on that money - look no further than Henry Kravis. [/QUOTE]
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