Hidden Pension Fiasco May Foment Another $1 Trillion Bailout

[Zebo]

Strange Zebo warned you guys about 6 months ago with Big three potential bankruptcies how taxpayers will end up footing bill for all these companies, others and state governments as pensions implode only to be called stupid and how they are 'privately insured' and 'fully funded.' Seems not to be the case.

http://www.bloomberg.com/apps/...01109&sid=alwTE0Z5.1EA

Still think my double shorting S&P as worse and worse news hits every day is a bad idea?

Hidden Pension Fiasco May Foment Another $1 Trillion Bailout

With stock market losses this year, public pensions in the U.S. are now underfunded by more than $1 trillion.

That lack of funds explains why dozens of retirement plans in the U.S. have issued more than $50 billion in pension obligation bonds during the past 25 years -- more than half of them since 1997 -- public records show.

The quick fix for pension funds becomes a future albatross for taxpayers.

http://www.bloomberg.com/apps/...01109&sid=alwTE0Z5.1EA

 

[jpeyton]

Careful now. If the GOP votes against helping out pensioners, there goes the geezer demographic the GOP relies on every election year.

 

[quest55720]

This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

 

[Vic]

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

 

[MikeMike]

Originally posted by: jpeyton
Careful now. If the GOP votes against helping out pensioners, there goes the geezer demographic the GOP relies on every election year.

you couldnt be any more of a partisan hack if you tried...

 

[ponyo]

I don't know you shorting S&P here is a bad idea. It's definitely risky IMO. There are tons of bad news everyday and more to come like Eastern Europe collapse, GE joining other nationalized penny names, and the pending pension blowup that will leave many companies insolvent. But short-term, market is very oversold. It will likely become more oversold shortly but it's going to snap back violently at a certain point. My guess and my bet is going to be at around 600. I think anything you buy now til then you'll ultimately make money once the snapback rally occurs. Sometimes you have to take some short term pain and loss to later make money. Trading not to lose is sure way to lose money.

Good luck. Remember, Bulls make money, Bears make money, Pigs get slaughtered.

 

[GroundMeat]

Who would have guessed underfund a pension and it goes bankrupt!

 

[Hacp]

We need a law that will allow companies to reduce pension payments to their retirees in the short term. The stock market is going to go even lower, and won't go back up for another 10+ years. The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

 

[Zebo]

Originally posted by: Naustica
I don't know you shorting S&P here is a bad idea. It's definitely risky IMO. There are tons of bad news everyday and more to come like Eastern Europe collapse, GE joining other nationalized penny names, and the pending pension blowup that will leave many companies insolvent. But short-term, market is very oversold. It will likely become more oversold shortly but it's going to snap back violently at a certain point. My guess and my bet is going to be at around 600. I think anything you buy now til then you'll ultimately make money once the snapback rally occurs. Sometimes you have to take some short term pain and loss to later make money. Trading not to lose is sure way to lose money.

Good luck. Remember, Bulls make money, Bears make money, Pigs get slaughtered.

It's 'Pigs get rich, hogs get slaughtered'😀 oink oink j/k. We'll know in two months weather Zebo's doom and gloom has real legs in the meantime CASH is where it's at for all but the expert investor due to current volatility (certainly not me but I only bet/gamble what I can afford to lose, big difference)

PS - you may need to stop looking at old financial slumps and their vectors we have deep sociological and anthropological debasement that took a generation to cultivate and will take the same to realize value again.

 

[palehorse]

Originally posted by: Hacp
The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

what, exactly, would force Uncle Sam to foot the bill?

 

[Hacp]

Originally posted by: palehorse

Originally posted by: Hacp
The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

what, exactly, would force Uncle Sam to foot the bill?

Most pensions are insured by the US government IIRC. Maybe we can get rid of the insurance, but I doubt it with Obama as President. These Pensions are going to wreck the lives of hardworking Americans by increasing our tax burden.

 

[Zebo]

Originally posted by: Hacp

Originally posted by: palehorse

Originally posted by: Hacp
The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

what, exactly, would force Uncle Sam to foot the bill?

Most pensions are insured by the US government IIRC. Maybe we can get rid of the insurance, but I doubt it with Obama as President. These Pensions are going to wreck the lives of hardworking Americans by increasing our tax burden.

Not if we increase taxes on the rich. And I don't mean 250K but the paulsons who get 160M$ bonuses and the hedge fund crooks 1Billion dollar ones whos Zebo's 80% burden would not effect one iota. Taxes that largely had us in black for generations. Course old myths and religion die hard and worshiping their 'greater chain of being' will not come to an end until they have it all and people start to think again.

 

[dahunan]

>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA

 

[GenHoth]

Originally posted by: dahunan
>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA

He knows the secret strategy!

 

[Sacrilege]

Originally posted by: dahunan
>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA>>>>>>>>>>>>>BLAME OBAMA

Barack "Black Hoover" Obama isn't fixing the economy at all, so we may as well blame him.

 

[eleison]

Originally posted by: Vic

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

Yes, kids.. with Obama at the helm everything will be okay...

After much thinking - we DO need this. With all the prosperity that capitalism has brought us - we still have people wearing Che shirts. We still have people extolling socialistic policies; Its the unkempt eurotrash wannabee that talk trash about capitalism while at the same time gorging themselves with food and services provided by capitalism.

Too late folks. Those that will be hurt the most will be the poor/libs who are most likely obama supporters (these very same eurotrash wannabee)... as such, maybe a little economic pain is what is required now.. Lets see how they like to be unemployed. Lets see how they like it when they have to scrap just to get food. Lets see how they like to provide for their kids with no paycheck... But hey, its historic.. we now have a black president. Bush is no longer president.. yeah!!!

Hey, you want socialism -- you got it in spades now!!! Pain.. Lets see how much more the US can spare. Muahahhha... Muahhhhahahaha (evil megalomaniac laugh 🙂

So, comrade, when's the next bailout to no where?

 

[alien42]

Originally posted by: eleison

Originally posted by: Vic

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

Yes, kids.. with Obama at the helm everything will be okay...

After much thinking - we DO need this. With all the prosperity that capitalism has brought us - we still have people wearing Che shirts. We still have people extolling socialistic policies; Its the unkempt eurotrash wannabee that talk trash about capitalism while at the same time gorging themselves with food and services provided by capitalism.

Too late folks. Those that will be hurt the most will be the poor/libs who are most likely obama supporters (these very same eurotrash wannabee)... as such, maybe a little economic pain is what is required now.. Lets see how they like to be unemployed. Lets see how they like it when they have to scrap just to get food. Lets see how they like to provide for their kids with no paycheck... But hey, its historic.. we now have a black president. Bush is no longer president.. yeah!!!

Hey, you want socialism -- you got it in spades now!!! Pain.. Lets see how much more the US can spare. Muahahhha... Muahhhhahahaha (evil megalomaniac laugh 🙂

So, comrade, when's the next bailout to no where?

you are as ignorant as GWB who helped get us into this mess and start all these bailouts.

 

[MooseNSquirrel]

Originally posted by: eleison

Originally posted by: Vic

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

Yes, kids.. with Obama at the helm everything will be okay...

After much thinking - we DO need this. With all the leveraged/borrowed prosperity that capitalism has brought us - we still have people wearing Che shirts.
So, comrade, when's the next bailout to no where?

Fixed for historical accuracy.

S&M

 

[eleison]

Originally posted by: MooseNSquirrel

Originally posted by: eleison

Originally posted by: Vic

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

Yes, kids.. with Obama at the helm everything will be okay...

After much thinking - we DO need this. With all the leveraged/borrowed prosperity that capitalism has brought us - we still have people wearing Che shirts.
So, comrade, when's the next bailout to no where?

Fixed for historical accuracy.

S&M

Yes.. have we not learned anything? But we keep on piling bailout after bailout.. printing out money we do not have.. leveraging our children's future. Have we not already spent more this year than the first 4 years of Bush.. come on folks!!!!

Pain.. thats what the libs want.. and that is what they are going to get. However, I do feel for all the people who are not libs and will be caught in this whirlwind. I wish them well.. the libs and the obamabots.. not so much...

 

[BudAshes]

Originally posted by: eleison

Originally posted by: MooseNSquirrel

Originally posted by: eleison

Originally posted by: Vic

Originally posted by: quest55720
This falls on Obama and his doom and gloom add in his anti-business agenda equals killing the stock market.

Don't do drugs, kids.

Yes, kids.. with Obama at the helm everything will be okay...

After much thinking - we DO need this. With all the leveraged/borrowed prosperity that capitalism has brought us - we still have people wearing Che shirts.
So, comrade, when's the next bailout to no where?

Fixed for historical accuracy.

S&M

Yes.. have we not learned anything? But we keep on piling bailout after bailout.. printing out money we do not have.. leveraging our children's future. Have we not already spent more this year than the first 4 years of Bush.. come on folks!!!!

Pain.. thats what the libs want.. and that is what they are going to get. However, I do feel for all the people who are not libs and will be caught in this whirlwind. I wish them well.. the libs and the obamabots.. not so much...

OMG THINK OF THE CHILDRENS!!!! lol.

 

[RichardE]

I love this thread. Nobody has any idea what the OP is talking about, but! Everyone feels the need to attack the other side over an issue neither side understand at all :laugh:

Do you guys all go to bed at night fapping to new ways to attack one another?

 

[StageLeft]

Originally posted by: palehorse

Originally posted by: Hacp
The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

what, exactly, would force Uncle Sam to foot the bill?

The same reason if I call my mom and say Mom I know this was dumb but I am about to foreclose on my house can I please have a month's worth of mortgage? And she'll give it to me.

That's why they call him Uncle Sam and not just stranger sam. He loves you. He will take care of you like that uncle you used to have. Sometimes, unfortunately, he also touches you in naughty places and you feel worse off for the experience.

 

[Craig234]

Originally posted by: Hacp
We need a law that will allow companies to reduce pension payments to their retirees in the short term. The stock market is going to go even lower, and won't go back up for another 10+ years. The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

Ya, let's always have the poor and elderly be the front line in cutbacks to pay for the problems that benefitted the wealthy.

 

[BoberFett]

Originally posted by: Craig234

Originally posted by: Hacp
We need a law that will allow companies to reduce pension payments to their retirees in the short term. The stock market is going to go even lower, and won't go back up for another 10+ years. The last thing we need is a company going bankrupt because of the pension plan, therefore forcing Uncle Sam to foot the bill.

Ya, let's always have the poor and elderly be the front line in cutbacks to pay for the problems that benefitted the wealthy.

And yet your kind still balk at personal retirement accounts.

These pension funds have proven private business can't be trusted with our money.

SS has proven government can't be trusted with our money.

Why don't we let individuals keep all their money and do with it as they please?

 

[alchemize]

Public pensions...public pensions, let's see, who controls those.

The states and local governments? Oh yah, that's Bush's fault! Good thing we're sending those oh so responsible state governments gobs of money to fund medicaid and their other spending blowouts. I'm sure they learned their lesson.