PBGC on The Last Word PBGC is the government's Pension Benefit Guarantee Corporation.



It takes care of pension plans after a company goes bankrupt or Mitt's Bain rips off the employees.



The narrator of The Last Word (Lawrence O'Donnell) did an excellent job of explaining how Obama's appointee to this agency has gone after American Airlines for trying to rip off their employees by going bankrupt--he put a lean on their assets!



O'Donnell also explained that Mitt would not appoint someone to help employees from being ripped off by these crooks because Mitt's Bain would be doing the ones ripping them off. What an amazing story on this MSNBC program! 5 Tweet