http://www.moneymorning.com/2009/05/28/gm-bankruptcy-filing/ Investment News Provider Thu, 19 Nov 2009 15:36:16 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.moneymorning.com/2009/05/28/gm-bankruptcy-filing/comment-page-1/#comment-22639 GM Will File for Bankruptcy on Monday As Bondholders Agree to Sweetened Plan Thu, 28 May 2009 20:18:17 +0000 http://www.moneymorning.com/?p=7521#comment-22639 [...] Money Morning: Collapse of Bond Deal Steers GM Toward ‘Imminent’ Bankruptcy Filing and Majority Governm... [...] [...] Money Morning: Collapse of Bond Deal Steers GM Toward ‘Imminent’ Bankruptcy Filing and Majority Governm… [...]

]]> http://www.moneymorning.com/2009/05/28/gm-bankruptcy-filing/comment-page-1/#comment-22629 Donald Stein Thu, 28 May 2009 17:32:03 +0000 http://www.moneymorning.com/?p=7521#comment-22629 It is clear that the US Government is using it's power to steal GM from the rightfull owners and creditors. (The legitamate current share holders and creditors [bond holders]). Why would any person or entity invest in the US in the future. If a company fails the creditors have a right to liquidate the company or see it reorganized under law and be compensated in the order of their legal interest. The share holders take their loss just as they would have taken their gain if the company was profitable. It this case the US Brushing them aside as though their free market rights are criminal greed. It is clear that the US Government is using it’s power to steal GM from the rightfull owners and creditors. (The legitamate current share holders and creditors [bond holders]). Why would any person or entity invest in the US in the future. If a company fails the creditors have a right to liquidate the company or see it reorganized under law and be compensated in the order of their legal interest. The share holders take their loss just as they would have taken their gain if the company was profitable. It this case the US Brushing them aside as though their free market rights are criminal greed.

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