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Pension Time Bomb: The Shadow Hanging Over GM's Turnaround
The Washington Post; subscription may be requiredLink to more items from this source
[Opinion]
Aug. 27, 2010
Excerpt: The net effect is that the pension time bomb is still ticking. If GM earns robust profits, ... the bomb won't detonate. Otherwise -- well, in a worst-case scenario, GM winds up back in bankruptcy, with PBGC intervention both unavoidable and more expensive than it would have been last year. And that could necessitate a bailout from Congress, because of the PBGC's own deficits.

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