((By waiting to file until they had essentially no possibility of doing a conventional bankruptcy, GM all but ensured no one could assist them in their reorganization, except the US Govt.))
A conventional bk would have meant liquidation, and the bondholders would have gotten even less, you moron, that's why the bondholders holder's approved the deal. The bondholders made out much better because of government involvement.
Keep telling yourself that. Actually, you are delusional.
Bondholders had a gun to their head. It was either accept the govt's deal or get nothing. ))
You're an idiot, and delusional, if you think bondholders would have preferred getting nothing.
(I'm fairly sure a number of entities could have swooped in and resumed GM operations.))
Name one who you think would have swooped in.
((RETAILERS ARE PLUNGING
Look at Sears and Kohls lately. ))
It's because people are shopping on line at sites like Amazon, you idiot. What's that have to do with auto sales?
(Why Is Toyota Nissan Honda Kia Hyundai making USA built cars in USA))
Where else would you USA built cars be built, stupid?
(( Better made better built than a UAW UNION MEMBER COULD EVER DO!))
Hey stupid, haven't you bragged about your Ford stock, and how great Ford trucks are? You do realize that Ford is UAW and that Ford trucks are UAW built?
((hey numbnutzzs, the only thing you are short on is brains and nutzzs. ))
Also short on the truth, biggest liar on the boards.
( please show SOURCE SINCE NON EXIST!!!! ) )
He told you the source idiot. If you weren't so stupid, you could look it up yourself.
(Never any source never a tiny bit of any truth! Just more lies!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!))
You're right, your statement describes your post quite accurately.
(Hey qqq give us your source that 80% of GM loans are subprime.))
There is no source, he's lying as usual.
(Look on the loan company that GM uses! ALL THERE FOR ALL TO SEE YES 80% are subprime loans))
No, it is not, liar.