thugocracy
the term that is beginning to rise above a whisper
vichy-Oppenheimer fund managers caved to the Chicago mafia running this nation on Friday- so did the other bondholders, I believe
GM’s bankrupcty should be even bigger and juicier for the union
Oh, and future “reluctant” buyers of debt in these thug-owned companies? Well, just wait until the WH coercion against their business decisions ramps up next year. I;m sure the DNC donations and bond and stock purchases f obama-owned companies will proceed at a merry pace.
Shareholders need to vote with their checkbooks
The UAW has bought the means of its own demise by putting a marxist in power and then demanding Chrysler and probably GM as payment. These companies will fail because unions can't negotiate with themselves.
The UAW will try to find a buyer(s) to off-load their 55% but nobody will touch it. This deal is a mill-stone that will drown Chrysler, the UAW and, one hopes, totus.