You should look into the GM/UAW worker bailouts. It's total corruption, top to bottom. Basically, the UAW 'invested' in GM unsecured debt. GM files for bankr

You should look into the GM/UAW worker bailouts. It's total corruption, top to bottom. Basically, the UAW 'invested' in GM unsecured debt. GM files for bankruptcy, those bonds become worthless. With no authority whatsoever to do so, the US government gave those bonds seniority in the bankruptcy, nationalized GM, and left senior creditors holding the bag. All of this was completely unprecedented and way outside of what the law allows. There wasn't a lot of mainstream coverage of all this, you had to dig for smaller journalists to find what was actually happening. But anyway, that's the name of the game. Take on a lot of debt, stuff that debt into your pension, go bankrupt, company is restructured without pension debt. There is also the Pension Benefit Guarantee Corporation, so this corporate debt is shift to the tax payer. It's corruption that knows no bounds in the USA. Both major political parties are guilty, we have to dismantle the federal monster, it's the only way forward.