Bailout for Union Pension Funds

It seems we have every organization on the planet standing in line for a bailout.  Next up to bat Union Pension bailouts.  It would seem that these pension funds have been mismanaged over the past few decades and now are at risk of going under.  Unions are looking to the senate to get this bailout in the November timeframe.  This article by Connie Hair makes reference to the government seizing private 401k's to more fairly distribute tax-payer funded pensions to everyone.  Not much more is given on this subject and is something that deserves more research if this is true.  [  Read More ... ]