"I think you're pretty close on that."

Could I interest you on some new issued debt on GM, once they get through bankruptcy?

I have a bud going to take a big loss on current bonds of GM he holds.....think he'll be in line to suck up new issues?

When this piece of Americana files and all issues, like my bud's, take a bath......All of corporate America, IMO, will take a big hit on raising capital in the future through debt offerings.

It's not worth it for the bit more you might gain from it.

doni