You make a very good point. The problem is that ultimately it ends up being the taxpayer, no matter how you slice it, one way or another.
For our friends here in Nortel, who's going to bail--bad choice of words.... Who's going to supplement what they've obviously lost, other than the taxpayers of Canada? So directly or indirectly, honestly or dishonestly, it becomes a taxpayer-funded solution, in which case I guess the question is, why wouldn't you at least try to mitigate your anticipated loss with some form of insurance on private pension plans?