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Re: [OM] Kodak Chapter 11

Subject: Re: [OM] Kodak Chapter 11
From: "Sawyer, Edward" <Ed.Sawyer@xxxxxxx>
Date: Fri, 20 Jan 2012 16:26:41 +0000
That's assuming the funds are actually set aside. Probably in most cases,
they are not.  Even in the US Gov't social security program, there's no big
bank of funds. They are allocated as needed, and USA writes IOU's to itself
when it "borrows" from Social Security.


On 1/20/12 6:16 AM, "olympus-request@xxxxxxxxxxxxxxxxx"
<olympus-request@xxxxxxxxxxxxxxxxx> wrote:

> I still can't understand how a corporation can have ANY access to pension
> funds, bankruptcy notwithstanding. Reinvesting pension funds into the company
> or for the benefit of the company would be unethical, surely, if not actually
> fraudulent

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