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GM bondholders likely in for big payday

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Uploaded by on May 27, 2009

For those who follow finance it's no surprise that the bondholders denied the negotiations. There's no incentive for the bondholders to take any action because there's a good chance they'll get paid in full no matter what happens to GM.

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  • Boy, it didn't really work out too well with GM bondholders. Nice of our government to change the rules in a political payoff to the UAW.

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