Distressed Volatility

$634B Spending Bill Now In Congress Provides Loans for Automakers

GM Exchange Traded Unsecured Notes $XGM, $GMS, $HGM Being Dumped, If there is bankruptcy risk, why isn't common being trashed? Are they dumping to realize losses and load up on the common, or are they running away from the unsecured debt because they're now probably behind the gov guaranteed debt. wtf specific write up tinyurl.com/4wx8sh