2009-04-10 — nytimes.com
" General Motors is working on a new debt-exchange plan for its bondholders, one that would most likely offer only equity instead of cash or new debt, a person briefed on the proposal said on Thursday."
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tvsterling at 23:15 2009-04-10 said:
These stupid & greedy rich are becoming just impossible. They are now playing chicken hoping to get 100 cents on the dollar like all of Geithner's friends. Ain't happening. Those favored ones got by before the country's taxpayers wised up. Now it's down to half a loaf or none. I bet they're just stupid enough to insist on none. Permalinkadd a comment | go to forum thread
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