Quote:
Originally Posted by John Farnen
A lot of the bond holders represent retired folk who rely on the income from their investments, @ 10 cents on the dollar, they are getting screwed. No one wins, investors, employees, investors, and us, but the investors get the worst of it.
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Ah, but the investors knew risk was involved and they lost. Like any investment, "past performance is no guarantee of future results". There are still people trading GM common stock, hoping for a windfall return, greed knows no bounds.
The Taxpayers are the real losers because we either pony up or become outlaws. I'll lose no sleep over bondholders.