Thread: Not looking to be pessimistic, BUT... GM Bankruptcy thoughts?
View Single Post
Old 05-12-2009, 09:32 AM   #50
Hylton


 
Hylton's Avatar
 
Drives: fanboys and ass kissers crazy.
Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,275
Quote:
Originally Posted by domano 68 View Post
It will happen because bondholders who own the majority of GM's debt are being offered $.08 on the dollar while the union is being offered $.50 on the dollar. Simple math.
Yep. What a joke! What would you do as a bondholder?
__________________
"BBOMG - More than just a car show.... It's an experience!"
Hylton is offline   Reply With Quote