GM’S DELPHI PENSION TOP-UP: Another billion-dollar slush fund scandal? “In other words, a bankrupt company spent $1 billion to pay for the pensions of the retirees of a complete separate company (GM spun-off Delphi in 1999). Until now the members of the Obama Administration Task Force have been unwilling to answer questions by the Inspector General of TARP as to how this decision was made and whether maybe, just maybe, the decision had something to do with the political clout of the UAW rather than being a prudent business decision by GM.”