listened to Obama explain to the country, that two of the three US automakers were on the brink of " bankruptcy or liquidated bankruptcy" as he put it.

Amazing, I don't know if any of you here held GM debt(bonds) to the tune of 27 billion.....but I have first hand knowledge.

Royally screwed.....An acquaintance of mine got a forced bond for stock exchange that turned his holdings having a face value of 75K into $4000 value in stock. This happened to many holding the issue.

GM did as it pleased, and got big bucks from the government, while doing it.

Anyone here interested in GM debt, especially in this environment, or any company for that matter. This is what is wrong with the nation....it's not that they are not interested in setting an example by investing in infrastructure(as CNBC puts it).....It's that they can't raise cash because of the rampant madness they put forward when borrowing form investors, such as my acquaintance, and are now having a tough time dealing with their madness and the bridges they burned.

They need investors, such as my friend, to come to the table....guess what my friend is saying about that?....lol

Corporate America screwed itself.....and for some reason doesn't realize it....as if nothing ever happened....at least in Obama's stance. He should just be quit and not mention the GM difficulty....his foresight is questioned in my mind.

We're on the rebound, so start handing them cash.....lol

doni