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Patriot Radio News Hour 1/4: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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  • I own two Caddy's and a Vette. The CTS-V is the best Caddy ever, the ZR-1 is much better then any 911. Both are building cars that are cheaper and better then anything on the road, how can they be going under?

    Could the problem be all the foreign brands, most of them broke, that they built. Or is it the Unions and the Saturn plants??

  • I drive a hona, heard they dont break down to offten. I am a candian. I alway drive used cars. To much money for a new one.

  • I bought a Scion xB, because I don't trust GM a bit. I don't trust Obama a bit. I don't trust our puppet government at all. I hate to say it.

  • so excited when I see you've posted.

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