Lately there has been increased media coverage surrounding the United Airlines' recent pension default. The New York Times, in particular, has stressed in a few articles that Congress needs to take steps to regulate the pension process in order to rid it of the greed and waste that helps drive these companies' pension plans to default. United's employees, today's editorial says, collectively lost $3.4 billion in benefits in the default, and they were not "simply victims of a bad stock market and low interest rates." Instead, the unregulated pension system allowed money managers to make a number of risky investments, which eventually led to the collapse of their private pension plan, and an added burden on the Pension Benefit Guaranty Corporation. The New York Times also ran this story, "How Wall Street Wrecked United's Pension," on Sunday.