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Report: Treasury Dept. drove cutoff of non-union pensions

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    Investigative reporter Matthew Boyle explains

  • Duration 4:31
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A disturbing new investigation suggest the Obama administration may have sacrificed benefits for some 20009.

Union retirees.

To save the pensions of union employees.

The report from the daily caller claims internal government emails show Timothy Geithner Treasury Department was the driving force behind the operation.

Matthew Boyle at the investigative reporter for the daily caller who broke the story he joins us alive.

I'm -- -- some very strong allegations they are you tell us anything about these emails what you now.

Sure on basically.

With where this started -- is is that three years ago we know that these people's pensions were.

We're taken away by government officials.

The Obama administration has maintained that it was the independence -- pension benefit guarantee corporation.

Which is supposed to handle.

Pension matters like.

And the house Republicans.

Have and have maintained that there is that there definitely is appeared to have been a political influence from.

Administration that administration officials throughout.

And had in under congressman Mike Turner's direction for and have -- It's congressional investigation it's lasted about two years.

And and I noted there was -- -- estimated this is sworn testimony.

Some from former treasury official Matthew Feldman also from former White House car czar Ron bland.

That sound like a track with that position that it was this outside agency who made decisions about which pension survived and which ones didn't.

So what is the story now with these alleged emails involving secretary Geithner and how he may have.

Done something that that stands in contrast to what they testified to.

With these -- show is is that these these same administration officials who have been -- who have testified on numerous occasions before congress that.

It was the PBGC they handled this deal.

And not.

Administration political officials.

-- he'd seen in these emails back in 2009 conversing with one another on how to go about taking away people's pensions.

So.

Above all allows the Treasury Secretary -- wore three hats during this deal.

That Treasury Secretary in addition being the Treasury Secretary is also a chair.

A board member of the PBGC Andy co -- was also a coach here the president -- passports.

So as congressman Mike Turner has -- on and on numerous occasions that they're they're definitely appears to be a conflict of interest.

With regard to Treasury Secretary Timothy Geithner involvement in all of these and that it from every single angle here.

-- the senior most official at treasure at the Treasury Department secretary Geithner.

I had his was involved from every single angle of this decision.

Above all -- is these emails prove beyond beyond a shadow of the doubt.

That he.

That the administration officials on the Obama administration political officials were the ones who ultimately made the decision.

Coercing the TV's TP BGC officials into.

On terminating the pensions are of these non union workers.

Can you tell us specifically what the email saying or the daily caller has its published yet -- I publish them on our -- they're up there right now in daily caller dot com on and as for instance -- specific you know there's.

That Feldman who is age treasury official -- -- it's chatting back and forth with.

-- with Joseph Hollis who is a PBGC official.

About com and -- house is asking that Feldman for permission on what certain steps to take.

Another email shows that since no barter.

PBGC official.

Had cleared with senior treasury.

In and see other senior -- -- administration officials.

Before he made any moves on this Friday.

And and another email change shows that.

PGC officials were quote disinvited or quote uninvited you.

Both terms are used from a meeting where they were legally required to be there if without the meeting as was the the agenda for the meeting.

If that -- future the pensions was discussed at that meeting and they were disinvited from that meeting before.

And so ultimately were talking about is terminating the pensions of 20000.

Folks with Delphi auto parts.

We will -- follow this story it seems like there's going to be some explaining to do following this.

Report investigation by use of please keep us updated thank you very much will they thank -- Well the concerns of the president's.

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