There is a myth aabout social security. There was never a big bank of funds,
and one was not intended. It was, perhaps, the second Ponzi scheme.
-----Original Message-----
From: Sawyer, Edward
Sent: Friday, January 20, 2012 10:26 AM
To: olympus@xxxxxxxxxxxxxxxxx
Subject: Re: [OM] Kodak Chapter 11
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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