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.
((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.
(( If I lied than you could correct each and every statement with the truth.))
Been there, done that. Even when confronted with the truth, you continue to lie. That's just one of the reasons you're a moron.
((Look, qqq, you are not helping the basher cause at all. ))
The only difference between qqq and you, is that you're spelling and punctuation is better.
((Percy, what issue do you have with the point he is making? ))
And just what point is he making? Or, are you as stupid as he is in thinking that everyone bought in at the IPO price?
((For those who may not know, the International positions are not elected by the membership. Elections are only held at the local level for local positions.))
They are elected by delegates, which are elected at the local level. Much the same way as the republican, and democrats, presidential nominating process.
((OK just talked to my friend briefly.))
Pretty pathetic when you have to consult an imaginary friend for trolling material.
((better look at Consumer Reports!))
Don't need to look at CR to know you're a liar and a moron.
((I'd be more inclined to believe Edmunds data on your car than believe anything JD Power says. ))
Of course you would, you moron. I'm sure your bias, and preconceived notions have anything to do with your inclinations.
((Then why is Kia and Hyundai both ranked below average in JD Power long term study? Both of them ranked below every GM brand.))
GM Joins Toyota at Top of J.D. Power Dependability Rankings
GM models lead in eight categories, the most of any automaker
GM landed three brands in the top 10 and had the leading vehicle in eight categories, more than any other automaker. Toyota’s Lexus luxury division captured the No. 1 spot for the fifth year in a row, the company’s namesake brand ranked fourth and six of its models led their categories. The market research firm’s annual study is based on reports from owners after three years.
Cadillac was the only one of GM’s four brands not to rank in the top 10. The company’s Buick Verano, Chevrolet Malibu, Chevrolet Camaro and Buick LaCrosse cars; Buick Encore, Chevrolet Equinox and GMC Yukon sport utility vehicles; and Chevrolet Silverado HD pickup were rated highest in their catagories.
((Since you are always DETERMINED to be a jerk and a moron...))
Hey moron, webby, check the latest J.D. Power Dependability Rankings.
((Japan and Europe make better made cars for thousands less.))
You're a liar, and a moron.