On 10/12/2012 3:20 PM, jps wrote:

Hostess Brands acknowledged for the first time in a news report Monday
that the company diverted workers' pension money for other company
uses.

The bankrupt baker told The Wall Street Journal that money taken out
of workers' paychecks, intended for their retirement funds, was used
for company operations instead. Hostess, which was under different
management at the time the diversions began in August 2011, said it
does not know how much money it took.

Hardly, union blood sucking and crappy management screwed hostess.

But do agree in this, if deducted for pensions, it should go to pensions
and if pensions are underfunded, their payouts should be reduced across
the board. Even a payout cap as not to let CEO pension obligations suck
the fund dry.

In fact it is why all these pooled plans are pooled scams. You always
want your pension in your name, account and control. Otherwise it is
likely the pension moneys will be screwed out of you.

--
Liberal-socialism is a great idea so long as the credit is good and
other people pay for it. When the credit runs out and those that pay
for it leave, they can all share having nothing but debt and discontentment.