2009-04-28 — blogspot.com
"The clock is ticking for GM. If an agreement with the bondholders and the unions is not reached by June 1, GM is headed for bankruptcy court. If the deal is approved as currently on the table, the Treasury department would become GM's largest shareholder."
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tvsterling at 06:57 2009-04-29 said:
This looks to be a last warning to GM Bondholders. Take a haircut OR ELSE. You know the old saying,"Half a loaf is better than none." These bondholders may be just stupid enough to insist on 'none'. Might be a good example in the long run. What part of 'risk' didn't they understand? Permalinkadd a comment | go to forum thread
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