"GM's fallen fortunes, therefore, were doubly painful to the company's employees who doubled as bondholders." See the profiles of GM retirees who are also GM Bondholders at:
http://washingtontimes.com/news/2009/jun/16/gm-workers-trusted-investment-in-product/
Subscribe to:
Post Comments (Atom)
Think these profiles are excellent as they put a face and life to the pain and suffering of the individuals. It doesn't have to be this way if fairness and unbiased preferential treatment is given to ALL creditors of the same class. The inequality of the distribution of assets mandated by the Administration is what caused all this pain and suffering for the individuals profiled.
ReplyDeleteIts good to see the human impact of the GM bankruptcy. Theses are real people that made an investment, then the government changed the rules on them. I hope you folks get your day in court and win!
ReplyDelete