Quote:
Originally Posted by Jamo
You're seeing what I'm seeing. The bondholders...the folks that invest in the industrial machine that creates jobs in this country...were shafted big time. Where in the hell does DC think they're going to get investment capital in the future?
...tax dollars.
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While the bondholders got screwed, what about the old shareholders? They really got shafted. While much of the old stock was held by institutional investors, some was held by everyday people that invested their retirement savings in GM. Those investments are virtually worthless.
The buring question is what now happens to Ford? The governments have bailed out GM and to a lesser extent, Chrysler. Does this now not put Ford at a disadvantage when it was the only one that deserved to survive?
Wayne