FastSaying

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.

Douglas Elliott

PositiveWorld

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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.
— Douglas Elliott
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