dimelab dimelab: shrinking the gap between talk and action.

concurrency Topic in The Credit Debacle Catalog

zero hedge Mon 2009-12-28 15:05 EST

Guest Post: Deficit Doubles for Government's Pension Benefit Guaranty Corp.

...let's take a look at the Pension Benefit Guaranty Corp - another Ponzi scheme in a country now running a series of them, full tilt, concurrently. Also known as "prosperity". The PBGC bailout will just be a pebble versus what could be faced in the greater pension system as a whole... $1 trillion?

deficit double; Government's Pension Benefit Guaranty Corp; Guest Post; Zero Hedge.