More Leaks Nail Obama: Despite Denials, White House Involved in Delphi Pension Failure

Internal Treasury Department emails obtained by The Daily Caller show that in June 2009 a high-ranking Treasury official planned a backroom meeting to discuss the pension plans for 20,000 nonunion Delphi salaried retirees.

Those retirees lost between 30 and 70 percent of their pensions, as well as their healthcare, life insurance and other benefits. Unionized employees working alongside them, however, saw their pensions and benefits made whole.

The Obama administration has blamed this decision on the Pension Benefit Guaranty Corporation (PBGC), a federal government agency that handles private-sector pension benefits issues. But these internal emails indicate the Treasury Department was involved to a greater degree than the administration has conceded publicly.

“Anything new on the PBGC front regarding Delphi?” General Motors official Walter Borst wrote in an email to Treasury officials Matt Feldman and Harry Wilson on June 9, 2009.

“I am meeting with them tomorrow and will have more to report after the meeting.” Feldman replied to Borst, copying Wilson.

Read more from this story HERE.

  • tom s

    Just another example of obama’s gang screwing American citizens that are not his supporters while rewarding his supporters, at the expense of American tax-payers. Nothing new for him.

  • con_c_kwense

    Just another example of why I cannot understand ANYONE non-union, non-homosexual deviant, non-doper, non-derelict, non-deserter, in other words ANY NORMAL American citizen casting their vote for ANY democrat, anywhere…voting for ANY ‘crat, anywhere, in any race is ultimately a vote for this criminal enterprise know as the obama administration.

  • sandraleesmith46

    “Bout TIME this gets laid on his doorstep; where it belongs TOO! That man as been nothing so much as a TIDAL WAVE of DESTRUCTION racing through Americans’ lives for FOUR LONG YEARS! He HATES Americans; especially seniors who didn’t succumb to the lure of “union protection” that really isn’t that either, and everything about Americans who stand for what America is all about!

  • Doug Rodrigues

    “… threaten Treasury Secretary Timothy Geithner with subpoenas.” Big deal. Just more talk, talk, talk. Subpoenas to anyone in the Obama administration is like water rolling off a duck’s back feathers. Put some teeth into those subpoenas. If anyone of the Obama installed people refuse to talk, send them to jail! Until that happens, expect to be stonewalled. Congress has declined to take the action that they legally can take of throwing these lawbreakers into the slammer. What that tells me is that Congress is complicit in what’s going on, and are only giving us a Dog and Pony Show to keep us placated! Eric Holder should be in jail for not producing the records demanded of Congress. Is he? Why not? The American citizens are being played as dupes!

  • Anyone that votes for Obama will get just what they ask for, An Obamanation. Not United States of America but Obamanation of America.

  • It is imperative that all communists destroy the middle class, the Muslim-Marxist is being permitted to do so, out in the open for everyone to see because of these factors: 1) State run media i. e. the Fifth Column. 2) the dumb-downed, leisure/recreational/hedonistic society. 3) conservative (opposition?) that up until now, and only an extreme few, are beginning to realize and say something about the treacherous, illegitmate Muslim-Marxist and his communist regime. You think that Sandy is the huge storm, it has nothing over the fore mentioned perfect political storm that will result in such a devastating setback to this dying Republic that it will never recover! BET ON IT!