If the bondholders (the really greedy bastards in this) won't take a deal, well, screw you. I suspect they will wind up with all of the taxpayer bailout money in the end. Way to go guys, tank an American institution and still get rich.
Meanwhile, the Unions, edge closer to taking a bullet (not in the head, which will happen if GM tanks). A little too late I think. Greed, the same that put the US where we are today, is about to sink GM. All any of us can do, is sit by and watch. A great US company and a huge swath of the US/Canada and Mexico will plunge into "depression".
http://money.cnn.com/2009/05/26/news/companies/gm_bond_offer/index.htm?postversion=2009052618
Meanwhile, the Unions, edge closer to taking a bullet (not in the head, which will happen if GM tanks). A little too late I think. Greed, the same that put the US where we are today, is about to sink GM. All any of us can do, is sit by and watch. A great US company and a huge swath of the US/Canada and Mexico will plunge into "depression".
http://money.cnn.com/2009/05/26/news/companies/gm_bond_offer/index.htm?postversion=2009052618
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