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UPS Union Issues
Pension fix
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<blockquote data-quote="Bubblehead" data-source="post: 3968126" data-attributes="member: 14176"><p>So it's worse than a Ponzi Scheme...???</p><p></p><p>Not only are they on the hook for their original investment, they are also on the hook for a share of the rest of the other participants obligations???</p><p></p><p>I guess that's what makes it legal....and what makes it so hard to get new Companies to sign on.</p><p></p><p>Isn't that what exposes a Ponzie Scheme ("thief")</p><p></p><p>.....when there are more people (disproportionately) looking to cash in, than there are "active participants"?</p><p></p><p>It's not a far fetched analogy.</p></blockquote><p></p>
[QUOTE="Bubblehead, post: 3968126, member: 14176"] So it's worse than a Ponzi Scheme...??? Not only are they on the hook for their original investment, they are also on the hook for a share of the rest of the other participants obligations??? I guess that's what makes it legal....and what makes it so hard to get new Companies to sign on. Isn't that what exposes a Ponzie Scheme ("thief") .....when there are more people (disproportionately) looking to cash in, than there are "active participants"? It's not a far fetched analogy. [/QUOTE]
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