TITLE

Moral Hazard

AUTHOR(S)
Condon, Bernard
PUB. DATE
October 2005
SOURCE
Forbes Asia;10/31/2005, Vol. 1 Issue 6, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the factors that may result to the bankruptcy of Pension Benefit Guaranty Corp (PBGC) in the U.S. The company has $62 billion pension obligations in 2004. The company was strained to cover a $286 million gap in pension funds. PBGC was forced to make up a $324 million pension shortfall when Polaroid declared bankruptcy in 2001.
ACCESSION #
21027895

 

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