tag:blogger.com,1999:blog-2908981221209670362.post4739120450308861328..comments2009-08-04T07:06:58.089-07:00Comments on GM Bondholder: GM Recovery Plan Rests With JudgeGM Bondholderhttp://www.blogger.com/profile/10007743756321123561noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2908981221209670362.post-57576613474799429092009-07-02T19:42:45.725-07:002009-07-02T19:42:45.725-07:00I think this weekend should be interesting. During...I think this weekend should be interesting. During the closing arguments come of the objectors have settled with GM such and the non-UAW union which will have some of their benefits preserved under the sale. It should be interesting if Judge Gerber calls GM/Government’s bluff on the timeline and tells then to go through a Chapter 11. If I were the Judge I’d give all parties 48 hours to come to an agreement with Bondholders, Unions and Liability issues or we go through a traditional Chapter 11, with creditor input, in a 60 days period. Lock them in a room with food, water and a pottie break every few hours until they come out with an equitable, fair, and workable plan in the 48 hours.GM Bondholderhttps://www.blogger.com/profile/10007743756321123561noreply@blogger.com