Yep, it’s been “a disaster” for taxpayers indeed. And as well for stockholders, ( I lost 2,000 shares which was a lot of money for me) bond holders, nonunion GM employees, dealerships, all Delphi employees and other suppliers. UAW employees were the only ones to come out good on this caper.
Exactly, and Obama backed them all the way.
More crony-unionism, break down of Rule of Law (contract).
Grifters don’t enforce market contracts. They peel off mob rent (make you pay a Rat tax campaign contribution) as a pre-condition for briefly leaving you alone.
Too bad GM bondholders... good luck with the cat food.