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.

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