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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (482876)5/22/2009 7:25:26 PM
From: longnshort1 Recommendation  Read Replies (1) of 1573074
 
Is this fair ?

Debt forgiven

US treasury 13.5 B
UAW 10B
Bondholders 27 B

Stock ownership after restructuring

US Treasury 50%
UAW 39%
Bondholders 10%

bond holders lose twice as much debt as the treasury and UAW combined and yet receive only 10%

Who will buy a bond again ???
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