Joshua Gotbaum talked about what would happen if the Pension Benefit Guaranty Corporation (PBGC) becomes responsible for protection pension plans for American Airlines (AA) due to its filing for bankruptcy. If so, the Corporation could become responsible for up to $17 billion of AA s pension obligations at a time that the PBGC has $81 billion in assets and $107 billion in obligations.
C-SPAN Radio’s Nancy Calo read news headlines at the end of the program.