Morally, that was theft - grand theft except for the sleazy shenanigans that converted stealing from those rightful claimants on GM assets from a felony to government policy. I'm disgusted at borrowing money that our children will have to repay in order to reward the UAW and other Dem donors and activists, but it is because of the theft from the bondholders that I am boycotting GM and Chrysler forever. I will not buy any GM/Chrysler vehicle manufactured after the nationalization of those companies, because it is immoral to benefit from that criminal act. I will not buy any used GM/Chrysler products from before the nationalization because I don't want to add to the demand for their used cars and even incrementally help them to maintain the resale value of their products. GM is dead to me. Permanently.
same here...
“I am boycotting GM and Chrysler forever.”
Same here. We bought 3 brand new Chrysler cars in a row for family vehicles in the past few years - the last one being an absolute lemon in what had been a reliable line. It was replaced with a used Ford product that is performing just fine.