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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (483790)5/28/2009 1:08:11 PM
From: combjelly  Respond to of 1574005
 
"I guess they are willing to risk BK court in order to get some cash rather than an interest in a reconstituted GM."

My understanding is most of the GM bondholders are protected by CDS's. Since they are triggered by a BK filing, they want it to happen. Then, whatever else they get under BK is extra profit.