405388

Auto Sales Continue Despite Bankruptcies

One suggestion for President Obama:
Please, don't preach the use of fuel efficient cars. In your country no one carmaker produce them now. It becomes a precious advertising for foreing carmakers and they thank you.
Please, do that when USA carmakers will be able to do the same (if so).
After all, the GOV is the bigger shareholder in that companies. Right?
Thank you

Robert Reich: Other Agendas in the GM Bankruptcy?

If so,
the USA government and GM management are in bad faith and they are forcing me, poor bondholder, to play their fool game.
I want back my money, agreed less, but back. I'm just an honest lender not a politician or a GM manager!

Trading the GM Bankruptcy

Greg,
I can't comment your article, I haven't any knowledge to do that, but please let me say : I worked 40 years with my wife and two years ago we put all our money in a simple long term investment (GM bonds) because we are retired. Now we are forced to become stock players with a little part of our money and absolutly no experience for that.
What must we say? THANK YOU AMERICA !!!

Using Innovation to Save the Auto Industry

You are right, Jole!
Sale of GM & Chrysler will not improve just by destroing bondholders money, jobs or (worse) by saying : GM will go to bankruptcy. As this management daily does!

UAW's Plans to Dump Chrysler: Misaligned Incentives

Thanks Joel, I fully agree with you.
Sorry, friends from USA, I think you are very late. In Italy, where I'm from, we already had this experience in the 70's years, when in the GOV's ALFA ROMEO the Union had primary role. It was a big disaster. Alfa Romeo went close to bankruptcy and sold to Fiat for micro price.
It's true, the earth turns : In the USA, some big companies become UNION's companies, whereas in RUSSIA a new capitalism era is borning!
That from a very disappointed italian GM bondholder.

Harris Interactive Reputation Survey: Corporate America Rates 'Terrible'

"TERRIBLE" is almost kind, I feel worse!

GM Bankruptcy: Who Would Lose the Most

I'm a big bondholder from Italy. Sorry, but I must say the USA are like Argentina!

GM Debt Recovery Paints a Scary Picture for Private Investors

Dear Alan,
please consider that when you buy bonds, you are not playing at las vegas casinò, but you give to GM the possibility to pay workers, supplyiers and tax, also very often (it's my case, I'm 60) your money are the sacrifices of your entire working life and you have no more chances to recover them. In the A,B,C, of the economy, the final product of an industrial activity is made by multiplication of labur, capital and organization and they have egual weight. I gave my capital to GM and I'd like to have the same chances of others. Or are we in a socialist country, where the capital must be killed?
Thanks

On May 01 03:39 AM Alan Young wrote:

> Most current holders of GM bonds knew they were buying junk bonds--already
> at a big discount--and took the risk willingly.
> By contrast:
> People who spent their lives working for GM did not expect that their
> pensions would be put at risk to satisfy investors; they paid full
> price (in labor) for their retirement benefits.
> Taxpayers likewise did not ask to be put at risk; it's been forced
> upon us.
> So IMO the disparity is not as great as the graphic suggests.