I also said the bail outs were the right thing to do, Do you want to argue?
I hold my nose over the whole thing, but Obama did the right thing, is that clear enough?
They lost the bonds at the hands of the Government whom illegally interfered with and broke a private contract, you think this is OK?
Yes, in this case I DOOOOO agree with the move. YESS, it sucks for the Bondholders.......
A little is better than nothing. What would the bonds be worth today if the company no longer exists? Duh....
Do I agree with Eminent Domain? Hell no, but if it betters the world for all, such as an Interstate highway to be built or not to be built, or if it somehow delivers security for others, be it jobs of services, then that's the price some poor individual must pay and it will be the right move for our Govt, do you get it?.
It's the same thing with your Bond arguement.
Karl Marx wrote, and I quote.....
"from each according to his ability, to each according to his needs"
You claim to understand the bond market, thus the only conclusion is you don't care about the thousands whom lost allot illegally. Therefore ( in your eyes it seems) they are not as important as the "252,000" workers and "millions" ( I would love to see the break down of that info) of subcontractors, why? Millions of citizens will, by your own admission be minus their monies in the future: for the "good" of a few million (in your words). Is then the few million not the few and the citizens the many? Does this jive with your saying? Why or why not?
First, lets fix some spelling..It's spelled in two words, "a lot", not allot.
I think you just want to argue your point to death. Although I see your frustration, I have to disagree with your arguement. I'm not really feeling the need to convince you, nor do I really care about your feelings on the matter. We agree to disagree. I'll continue to buy Fords, I just bought a new Chevy for my wife, and I also bought a new Jeep Liberty for my kid. Is it OK to invest in a Chrysler product, or are they on your fail list also?
But just to help you see my point a little clearer.
GM is alive, people are still working and supporting their families. People are buying the product, and it seems the product may be pretty good..
You obviously feel that it would be a better world to let this company fail. Maybe in your own private world, but since the cost of failure doesn't affect you, your family or your life, you are really in no position to lose anything therefore can not see both points clearly, case in point here....
I have nothing to lose either, but many people arouind me have "a lot" to lose.. It's called "big picture"...