The original stock holders lost everything. I guess this is the new definition of kinder gentler. Kind and gentle for everyone except the people who actually owned the company. Of course had GM sold the company to the employees before the bankruptcy I'm sure things would have played out a lot differently. In other words, kind to only certain types of owners and screw the rest. This is what is called fair. Fair for whom? Not everyone I can assure you that.
In a nut shell Democrats are only kind and gentle to people who vote for Democrats. Fairness never enters into the equation. Think about that the next time you vote for something that helps others at a cost to yourself. Because the favor will never get returned. Not in a million years. That concept would be completely foreign to them. And don't expect a thank you either. They would be insulted if expected one. Appreciation is not an option. You are expected to comply and deserve no gratitude for your sacrifice. You are nothing. Just a means to and end.
Our Socialist Government wrote off GM's debt, so they could pay a Dividends a joke ,as they screwed bond-holders by changing bankruptcy laws & gave UAW 17% of new GM, so they could build new factories in Red China , American Congress's deficit spending Banker!