Episode 57 • • 57:49 - 59:41
57: Michelle Oprah and the Strippers
Automotive Industry Bailouts, Pension Fund Crisis
The push for a $50 billion bailout for the U.S. automotive industry is driven by the need to protect United Auto Workers (UAW) pension funds. While some argue for bankruptcy to force change, the political pressure on President-elect Obama to support the unions makes a massive federal intervention likely to prevent a "pensioner disaster."