Beware the Taxpayer Bailout of Underfunded Teamsters Pension Funds

This was going to be a "quick" post on the pending bankruptcy of YRC, the nation's largest trucking company.

Instead, I have been digging around for several hours as the story morphed into a spiderweb of pension obligations culminating in a Ponzi scheme sponsored by representative Pomeroy to bailout private pension plans at taxpayer expense.