'Shameful Period in American Legal History': Judge Napolitano Reacts After The Daily Caller Acquires Emails Showing Treasury's Role in Cutting Off Pensions to Non-Union Workers
Internal emails appear to show the Department of Treasury’s role in killing off non-union pension plans. The Daily Caller acquired government emails about the Delphi deal, made as part of the 2009 auto bailout. Fox News’ requests for comment from the Treasury Department have so far gone unanswered.
The Daily Caller’s Vince Coglianese explained on Your World that the emails they obtained from the Pension Benefit Guaranty Corporation, “show that the Treasury Department actually had a hand in stopping their attendance, which is legally required by the way … The Treasury Department stepped in and said hey, we don’t need you at this meeting to discuss pension benefits.”
He continued, “And in the end, strangely you have union workers, UAW workers (United Auto workers), receiving these pensions. Meanwhile non-union workers lose their pensions. So if not directly,
certainly there is a very suspicious smell here.”
Back in July a former Treasury official, Matthew Feldman, stated under oath that, “As a result of the Delphi corporation bankruptcy, for example, Delphi and the Pension Benefit Guaranty Corporation were forced to terminate Delphi’s pension plans, which means that there are Delphi retirees who unfortunately will collect less than their full pension benefits.”
Judge Andrew Napolitano weighed in on whether Feldman may have committed perjury. He told Stuart Varney that “it appears what the official said under oath, the clip that you just ran, is 180 degrees from the emails that Mr. Coglianese and our friends at The Daily Caller found and revealed to the public earlier today.”
The judge called this a "shameful period in American legal history."
"It is a period in which political appointees in the White House were the driving and managing force behind one of the largest bankruptcies in history, that of General Motors and its affiliates. And the decisions as to how to resolve the bankruptcy were created and crafted by political figures in the White House, one of whom we just saw though he was from the Treasury Department.”
Judge Napolitano said that a federal bankruptcy judge merely rubber-stamped what the politicians wanted, and added that “one of the things they wanted was to reward the labor unions that had supported the president and to punish the non-union members who probably did not support the president.”