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GM Bankruptcy Watch: Woe to Main Street Bondholders

I am 80 years old and extremely diversified in the stock market. I have taken hits because the bankruptcy laws are not being followed. The administration is writing them as they please. I will never buy a corporate bond again no matter how good the company is. Yes, my portfolio is down, but so is everybody else. 401k's etc. It hurts to lose 25,000 of hard earned money because it is pay back time to the Unions who supported O'Bama. You haven't seen the worst of it yet. Socialism is here.