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Political Factoid
American Airlines has declared bankruptcy,
in part to shed the load of funding the
pension system for its employees.
Bain & Company* is a $14 million a month
consultant to American Airlines during
this bankruptcy.
The Pension Benefit Guarantee
Corporation** (PBGC) put a lien
on American Airlines assets
outside the United States
to prevent them from being part of
the AA bankruptcy proceedings.
| * |
The financial consulting company for whom
Mitt Romney worked until he started
Bain Capital, his venture capital company.
|
| ** |
An independent agency of the United States
government which gets stuck with taking
care of pension funds when companies
abdicate their responsibilities.
|
cf.
4448,
4397,
4150
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