Quote:
Originally Posted by Brokinarrow
Its a step in the right direction. May not save GM from having to go through bankruptcy, but it helps they got this out of the way before hand. If by some miracle the bond holders decide not to be d-bags and agree to a settlement, GM may get lucky!
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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?