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Central States going broke---
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<blockquote data-quote="Up In Smoke" data-source="post: 4727037" data-attributes="member: 79702"><p>A quick look at US bailouts since my birth.</p><p>1. 1970 Penn Central Railroad 3.2b</p><p>2. 1971 Lockheed 1.4b</p><p>3. 1974 Franklin National Bank 7.8b</p><p>4. 1975 NYC 9.4b</p><p>5.1980 Chrysler 4.0b</p><p>6. 1984 Central Ill National Bank 9.5b</p><p>7. 1989 Savings and Loan 293.3b</p><p>8. 2001 Airline Industry 18.6b</p><p>9. 2008 Bear Stearns 30.0b</p><p>10. 2008 Fannie/Freddie 400b</p><p>11. 2008 AIG 180b</p><p>12. 2008 Auto Industry 25b</p><p>13. 2008 TARF 700b</p><p>14. 2008 Citigroup 280b</p><p>15. 2009 Bank of America 142.2b</p><p>16. 2020 PPP, Airline and Bond purchase program 2.2t</p><p></p><p>The vast majority of all these bailouts will never be paid back. These are our tax dollars. Let's not also forget the 1970s government investment in Amtrac that has been bailed out continuously since it's creation.</p><p></p><p>I believe the Central States is not looking for a bailout but an insurance policy to build the pension back more responsibly.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 4727037, member: 79702"] A quick look at US bailouts since my birth. 1. 1970 Penn Central Railroad 3.2b 2. 1971 Lockheed 1.4b 3. 1974 Franklin National Bank 7.8b 4. 1975 NYC 9.4b 5.1980 Chrysler 4.0b 6. 1984 Central Ill National Bank 9.5b 7. 1989 Savings and Loan 293.3b 8. 2001 Airline Industry 18.6b 9. 2008 Bear Stearns 30.0b 10. 2008 Fannie/Freddie 400b 11. 2008 AIG 180b 12. 2008 Auto Industry 25b 13. 2008 TARF 700b 14. 2008 Citigroup 280b 15. 2009 Bank of America 142.2b 16. 2020 PPP, Airline and Bond purchase program 2.2t The vast majority of all these bailouts will never be paid back. These are our tax dollars. Let's not also forget the 1970s government investment in Amtrac that has been bailed out continuously since it's creation. I believe the Central States is not looking for a bailout but an insurance policy to build the pension back more responsibly. [/QUOTE]
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