In 2009 as Obama and White House officials rushed to nationalize the U.S. Auto Industry with $80 billion in taxpayer’s money, Timothy Geithner and White House officials cut a deal to save union pensions by terminating the pensions of 20,000 nonunion retirees. Not only did retirees lose up to 70% of their pensions but they also lost their health and life insurance. The Delphi Salaried Retirees Association filed suit.
After two years of costly litigation and 20 months after a federal judge ordered the administration to release documents, the government finally released 62,000 pages. Internal government emails contradicted sworn testimony by several Obama administration figures in federal court and before Congress as well as indicating that these Obama administrative figures violated federal law.
While the court and Congress were led to believe that the Pension Benefit Guaranty Corporation, a federal agency that handles private-sector pension benefits issues, terminated nonunion pensions, the released government emails prove that the Treasury Department, led by Timothy Geithner, was the driving force behind the scam.