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The Plot to Make Retired Coal Miners Broke

Dirty

208 Indiana miners, wives, and widows were promised millions to cover their health care.

articles/2015/10/01/the-plot-to-make-retired-coal-miners-broke/150930-coal-miners-tease_ljdoln
Robert Galbraith / Reuters

By Alec MacGillis, ProPublica

There was plenty in the complex deal to benefit bankers, lawyers, executives and hedge fund managers. Patriot Coal Corp. was bankrupt, but its mines would be auctioned to pay off mounting debts while financial engineering would generate enough cash to cover the cost of the proceedings.

When the...

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