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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (102815)	4/20/2009 1:50:35 PM
From: Think4Yourself	1 Recommendation Read Replies (1) \| Respond to of 110194

Highly probable is an understatement. I have heard from several bondholders that they have insured their bonds with AIG. If that is true of most bondholders then bankruptcy is a done deal because they won't want to negotiate. The taxpayers, via AIG will pay them full face value in the event of GM's default. They are going to force GM into bankruptcy and the taxpayers will be on the hook for many times what it would have cost to let GM continue going until the new union agreements took effect. It will look to the ignorant masses like the bondholders got reamed when in reality the ignorant masses got reamed. The brain dead public will get what they wished for last fall (automaker bankruptcy), and they are going to pay dearly for that wish. If people had actually understood the situation when they said "let the automakers go bankrupt"... Have to admit that I love this country. It's easy to get ahead if you have any type of brain and understand how the system works.