Final sale of gm stock by gov

Also loss of the rule of law.

Bankruptcy cases always pay off the bondholders first. Bondholders accepted low returns in exchange for low risk.

Common shareholders bought in knowing of risk of great loss vs. great return.

By writing off the bondholders and taking care of the shareholders first, the Obama administration unilaterally rewrote bankruptcy law. From whence they derived that power, who know? We're no longer a nation of laws.
 
i steered clear of GM but bought ford in the 9s just over a year ago and never looked back... imo it's still a buy in the 16s today. :)





Poll: Was the GM bailout a good deal for taxpayers?

http://finance.yahoo.com/blogs/hot-stock-minute/poll--was-the-gm-bailout-a-good-deal-for-taxpayers-135726964.html


U.S. taxpayers lost about $10 billion in the government bailout of GM. Now that the government sold its final shares of General Motors stock, do you think the public got a fair deal bailing out the auto giant? Vote your thoughts below in the daily Hot Stock Minute poll and leave us a post in the comments section.
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Here's your bill for bailing out the Detroit Unions America. A mere $10.9 billion; not even a rounding error in today's trillion dollar deficits.

Your checks can be mailed to the US Treasury no later than April 15th next year.
 
Truth Detector said:
Here's your bill for bailing out the Detroit Unions America. A mere $10.9 billion; not even a rounding error in today's trillion dollar deficits.

Your checks can be mailed to the US Treasury no later than April 15th next year.
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You underestimate the cost.

Corporate bonds generally are not individually held. They are usually held by mutual funds.

The screwing over of the bondholders (i.e., the funds) in favor of the UAW common shareholders (Obama cronies) meant retirement account losses spread among millions of Americans.
 
Taft2016 said:
You underestimate the cost.

Corporate bonds generally are not individually held. They are usually held by mutual funds.

The screwing over of the bondholders (i.e., the funds) in favor of the UAW common shareholders (Obama cronies) meant retirement account losses spread among millions of Americans.
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You are 100% correct my friend. But I try to keep it simple for the OTHER guys. ;)
 
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