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To: Kieri
These aren't just bondholders, mind you. Some of them are secured bondholders.

There's no way in hell they should be forced to settle for 5 or 10 cents on the dollar.

Enough with the fascist bullshit already. Time to file.

13 posted on 04/28/2009 10:57:18 AM PDT by Petronski (For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
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To: Petronski

I would bet money that the Chinese would pay about what the bonds are worth to own Buick and GM properties in China.

What would happen if the bondholders accepted the current proposal is that the UAW would demand the closing of overseas plants such as China and the Chinese would buy the closed plants dirt cheap and undercut the price of UAW made cars in the States.


51 posted on 04/28/2009 12:34:44 PM PDT by Swiss ("Thus always to tyrants")
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