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Patriot Radio News Hour 4/4:GM"Goodbye America"Hello China & Brazil !!

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Uploaded by on Jun 1, 2009

http://www.allamericangold.com/
Main Street takes a hit in GM bankruptcy
The loser in a General Motors Corp. bankruptcy would be Main Street, not Wall Street, said a lawyer who represented Chrysler LLCs dissident lenders and is trying to organize bondholders who hold up to $7 billion in GMs debt. Whats being offered is the U.S.-backed plan to give the American and Canadian governments as much as 69 percent of the equity and a 17.5 percent trust for unions, while bondholders only get 10%. GM plans to file for bankruptcy on June 1, people familiar with the matter said. The difference with GM is that, whereas the bad guys in Chrysler were hedge funds, who Obama called speculators, here theyre Main Street -- individual retirees who bought bonds when bankruptcy was unthinkable.

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  • If Americans stopped trusting the lord and that Jesus fellow and started building and buying American maybe they wouldn't be in the state they are in.

    America needs a new "Great Generation" to replace the "Lazy Generation".

  • GM should never have been allowed to exist. What ever happened to the anti TRUST LAWS?

    You guys have the best radio program on the planet...Hope Obama doesn't buy you out );

  • I love this radio talk show. I listen to it at AM1360 10 am hour in the morning in Colorado. They are the only one they talk about real financial news

  • another great show, Mahalo Johnny Liberty

  • awesome, thank you

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