YRC Worldwide Inc is neither a bank nor a financial institution. In fact: it’s a truck company. One of the biggest in the States. This trucker is looking for TARP money to the tune of 1 bln USD.
That’s a lot of money for a private company. The reason? The government is asked for help in order to relieve pension obligations.
We know the pension situation in the US is a sort of mess after a decade of rampant speculation in all different kind of markets.
But begging for a federal bailout is one step further. More money will be printed, if the government steps up here.
That’s a lot of money for a private company. The reason? The government is asked for help in order to relieve pension obligations.
We know the pension situation in the US is a sort of mess after a decade of rampant speculation in all different kind of markets.
But begging for a federal bailout is one step further. More money will be printed, if the government steps up here.
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