I can't explain the big picture because you can not see it, and you probably never will..
, GM did go into Bankruptcy..
Said investors of any company lose when bankruptcy occurs. This isn't breaking news. When there is a takeover, the bondholders have little to say, and they are damn lucky there was anything left on the table.
Just what is your point?
If your GM's "bondholders" were paid while the company died, and the rest of the nations's GM subcontractors were not, would that be OK in your book?
Do you think GM should have been left for dead, and just toss GM's 252,000 direct employees, and millions of subcontractor employees out on the street??
Would you, or our nation be better off because of it?
Our Government did absolutely the right thing.