The biggest of the “Big 4” has been the UAW for years. My thought is to let them have the companies and either make it work or go bankrupt also.
I have a few questions though.
1. I’ve been trying to identify who the “GM bondholders”are. Are they bankers trying to get more bailout money, suppliers, private investors or what mix? Who’s investments are being protected?

2. GM and Chrysler have massive assets, “”toxic” or overleveraged as they are. Why aren’t there groups of investors lining up with offers to buy those assets at their own bailout price. The American Way. I realize they may have to wait for BK but I haven’t heard of any other interest. Is it BECAUSE the gov’t is interfering.