Delphi retirees lost as much as 30 to 70 percent of their pensions, along with their healthcare, life insurance and other benefits.
A series of emails obtained by the Caller last August reveal that the Treasury Dept., with Secretary Tim Geithner in a leading role, “was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.” Furthermore, those emails contradict sworn testimony given in federal court by administration officials, indicate the administration misled congressional lawmakers about the sequence of events surrounding the bailout, and show that members of the administration violated federal law.