Media Matters is up to their old tricks. They claim that the amount of the bailout (which they claim isn't a bailout), is only 8-10 billion. They are wrong.

Moody's has already assessed the number of underwater pensions to be around $165 billion, which is why that number has been floating around. This was not cooked up by some right wing conspiracy, but rather by an independent organization that is responsible for providing accurate data for a lot of decisions that investors make worldwide.

More info here: http://netrightdaily.com/2010/05/union-pension-ba...