Washington Times Series GM Bondholders, June 15

An excellent series by the Washington Times on GM Bondholders

"Plenty of GM's bondholders are Wall Street types. Most of the company's $27 billion in private debt is held by investment firms. But many of those firms are actually managing the money of individual investors. And fully 20 percent of the bonds are owned personally by roughly 100,000 mom-and-pop investors across the country, according to Main Street Bondholders, a group organized to lobby on their behalf. "

"Paralegals, pilots, small-business owners and lots and lots of retirees have poured their life savings into the bonds of GM, once a blue-chip company so blue that it was considered safe for widows and orphans to own."

GM's deal erased many average Americans' savings
http://washingtontimes.com/news/2009/jun/15/gms-deal-erased-many-average-americans-savings/?feat=home_cube_position1

See Who the are, what they lost .....
http://washingtontimes.com/news/2009/jun/15/bondholders/?feat=article_related_stories