Looks like the fight is over folks......

Thursday, July 2, 2009

Dissenting bondholders argue against GM asset sale

"Calling GM's sale the first attempt at a "Chapter 11 nationalization," Michael Richman, a Patton Boggs bankruptcy attorney representing the group of dissenting GM bondholders, said the U.S. government had been "overbearing" in its rescue of the automaker and was circumventing the law."

See the entire story here:
http://money.cnn.com/news/newsfeeds/articles/reuters/MTFH98548_2009-07-02_15-14-44_N0245292.htm

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