Thank You Lawrence O'Donnell

I had no idea what the PBGC could do. The Pension Benefit Guaranty Corporation is a government agency. According to Lawrence, they are now fighting to force American Airlines

to honor the pension agreements they made with their employees. Apparently AA has underfunded the agreements they made when the company sought protections in bankruptcy court.

Whereas a bankrupt company can't meet all its fiscal responsibilities, pension promises are in

a class by themselves. They are agreements made in return for WORK, not investment.

People not able to live off investment make agreements to live off the efforts of their work.

According to AA, work done per specific agreement has no more right to respect than the informed gamble to take a chance on money that may work.

Perhaps now that corporations are people, corporations would like to advance a reality in which

dollars are people as well.

So when an AA pilot agrees to work so that he can eat enough to maintain a medically normal

weight, what will the dollars cheated from his pension plan be eating when he gets to the grocery

with half the money it costs him to buy food?

Now it makes more sense that Bain Capital would attempt to curb pension benefit obligations

to employees. Why that money which escapes from employee benefit goes into the Bain pocketbook!