I got a notice from GM yesterday that says in short "we want to give you 1/10 of your value of your bonds with common stock, so we can avoid bankruptcy" I am sending in my "HEII NO" Statement in a day or two.
GM basically wants to default on $27,000,000,000 in notes so that they can get away with paying lucrative severance packages to the employees and executives and they still dont want to stand up to the UAW.
GM basically wants to default on $27,000,000,000 in notes so that they can get away with paying lucrative severance packages to the employees and executives and they still dont want to stand up to the UAW.