Small GM Bondholders: Deal Will Wipe Us Out
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Yet, the Government gave bailout money to the big 3. And the Executives get $1 million payment each. What about the bondholders? Why don't they get the bailout money?
Topazman12 1 year ago
We have to get rid of the mentality that all investors are the super rich on Wall Street.
Remember the UAW complaining that the bondholders didn't make more sacrifices?
These are some of those investors.
ohdaysoo 2 years ago
II am an elderly lady who will lose my IRA from this. I am alone and now disabled.
A Smith Barney "advisor" bought a GM bond with my IRA pension funds at 104.91 on the dollar.. $105,000 worth.. By the time I knew I had it...it was down $20,000.
His advice? "well I can sell at a loss, or you can use the interest as retirement income. "
So I had $7,500 income for three years. I was able to pay my property taxes and auto insurance. Dear God, I wish I had not voted for Obama .
mymacca1 2 years ago
The situation in this country is depressing God bless Israel and america.
kasdri 2 years ago
Totally agree with you ,, moving to canada in august , wish me luck.
kasdri 2 years ago
Good to hear what others think.
loveandanarchy1111 2 years ago
As politely as possible I say the following: Your perceptions are terribly incorrect. This problem was brought on by President Obama who dictated how much these bondholders would receive...pennies on the dollar. GM would not be in this situation if it weren't for the union imposed high labor costs and government intervention into the environmental restraints imposed on the production standards. This has nothing to do with corporate criminals and everything to do with governenment interventio
trs6070 2 years ago
Tearing down someone's house will land you in jail. This problem started years ago, when GM's short-sighted management caved in to a powerful UAW union's ransome demands -- GM promised them gold-plated health care for life if only they would not strike. This promise has come to haunt them. Try to understand the real problem here. It is bad management and a greedy union.
fenderstratguy 2 years ago 2
im the chris crowes son and i hope this will make a point
camron722 2 years ago
Goodmorning, welcome to walmart!
Roonskii 2 years ago