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Old 05-21-2009, 12:45 PM   #13
Brokinarrow


 
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Quote:
Originally Posted by domano 68 View Post
You really need to understand the situation before you call a group of people a d-bag. The Union is offered $.39 on the dollar for thier stake while the bondholders are offered only $.10 on the dollar for thier stake? I guess you'd take the $.10 offer?
What are they going to get once GM goes into bankruptcy? They are betting they will get more, but really They could get less. Or they could just settle with GM outside of bankruptcy (thereby helping GM avoid it all together) and it may help their future returns with the company.
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