Originally Posted by
Timbo
I would say that if the PBGC tells them they HAVE TO take the pensions back, Delta doesn't have a choice, right?
There should be a law to prohibit buying back stock with underfunded pensions, where are our PAC dollars going on this?
But if Delta has a choice to sign a contract that they know will result in the PBGC making them take the pension back, or NOT agree to a contract with that in it that will keep the PBGC as it is, which one do you think they will go for?
I'll bet that would be a huge no-go item for the company