The PBGC does not appear to have a corner yet in the real world, ... The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.
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This quote is just one of 8 total Douglas Elliott quotes in our collection. Douglas Elliott is known for saying 'The PBGC does not appear to have a corner yet in the real world, ... The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.' as well as some of the following quotes.
I suspect that there will be some mix of taxpayer subsidy and increase in premiums that attempts to partially recoup the losses.
We've been able to hold the line on electricity prices for a long time. Unfortunately, the costs we incur to serve customers have continued to rise over the years.
You've got three choices: the taxpayers, the companies or Santa Claus ... Theoretically, you could take it out of the hide of the employees, but practically, nobody's looking to do that.
This quote is just one of 8 total Douglas Elliott quotes in our collection. Douglas Elliott is known for saying 'The PBGC does not appear to have a corner yet in the real world, ... The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.' as well as some of the following quotes.