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Pension Crisis—Another Corporate Swindle
Workers World Link to more items from this source
[Opinion]
July 19, 2006
Excerpt: [Congress] wrote ERISA so broadly that, during the 1980s, top management was able to dip into pension funds and remove the equity set aside for the workers' retirement. This was a bonanza for corporate raiders, speculators and Wall Street conglomerates, which were able to skim millions and billions from pension funds to buy up distressed corporations.

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