[Skepolitic]

I’ll keep cheering until GM is dead.

I’ll second that!

In addition to ripping of the taxpayers, the Obama Administration and GM also conspired to rip off bondholders in a big way. The bulk of the stock of the surviving entity went to the unions, rather than to bondholders, in defiance of about 200 years of bankrupcy law. I suppose that comes under the heading of “fundamental change”.

As a holder of GM bonds in my retirement account, I will never buy a GM product again. As far as I’m concerned, anybody who does so is dealing in stolen goods.

[Pollster1]

In addition to ripping of the taxpayers, the Obama Administration and GM also conspired to rip off bondholders in a big way. The bulk of the stock of the surviving entity went to the unions, rather than to bondholders, in defiance of about 200 years of bankrupcy law. I suppose that comes under the heading of “fundamental change”. As a holder of GM bonds in my retirement account, I will never buy a GM product again. As far as I’m concerned, anybody who does so is dealing in stolen goods.

I no longer held GM bonds when that crime was committed, but I was equally disgusted. The rule of law is supposed to mean something, but Pelosi, Reid, and Obama saw those private assets as just another pile of wealth they could spread around to their supporters. That grand theft was the final straw and the reason my boycott is permanent. It's not just a matter of politics, but one of values. It would be immoral to support GM in any way after their hideous conduct toward the rightful claimants on their assets.