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bondholders say screw you GM

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Old 05-27-2009, 10:37 AM   #1
OU812 [OP] OU812 is offline
ban the term murdered out
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bondholders say screw you GM

They put their foot down and said no.
Paving the way for C11 for GM.
The new company, Goverment Motors, will be owned by 70% of the federal goverment.
The UAW will likely get a good stake in the new company per the details being spelled out in the days to come.

Now back to our regularly scheduled shenanigans.
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Old 05-27-2009, 10:38 AM   #2
With sufficient thrust, pigs fly just fine.
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Old 05-27-2009, 10:43 AM   #3
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Its not like GM bondholders have much to lose since their holdings are almost worthless anyway.
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