Unless the private entities managing peoples retirement funds are corporate. Then it's OK:
- In an echo of the savings and loan industry collapse of the 1980's, the federal agency that insures company pensions is facing a possible cascade of bankruptcies and pension defaults in the airline industry that some experts fear could lead to another multibillion-dollar taxpayer bailout.
Obviously, what these companies needed to do was make themselves subject to the discpline of the mark... er, never mind.
via Suburban Guerrilla...