Quite simply, this case has been made many times over here before. I've known it was a POS scam 4 years ago when the IAM shouldered their way onto the property when they should have politely bowed out just like all the other lesser unions in the merger.
Why would they not bow out?
The IAMNPF.
This was their last, best chance to infuse it with fresh cash, our cash.
It was easy to see it was trending badly in the wrong direction.
It was easy to see it was not run by top notch Financial Experts.
It was easy to see it was not well run.
It was easy to see it didn't come close to being the vehicle for retirement monies that a 401K is.
And now that we have documentation supporting those facts, even a blind weaasel, er, squirrel can see it too, amazing.
Anything involving LAA going into the IAMNPF is dead on arrival. I know of not one person in M&E that wants it.