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Thursday, April 30, 2009

 
"No, Mr. Bondholder, I Expect Your Portfolio To Die!"

If I could draw, I would concoct an editorial cartoon based on this famous movie scene, With UAW chief Gettlefinger as Goldfinger, General Motors bondholders as Mister Bond, and starring as the laser is the scheme for the Federal government and UAW to jointly own 90% of GM.



What's really insulting is that this plan would place GM under the control of the two entities most responsible for saddling it with unnecessary business costs.

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