“GM bondholders stage Tampa protest, seeking their piece of the pie” – St. Petersburg Times

St. Petersburg Times coverage of our press conference in Tampa

GM bondholders stage Tampa protest, seeking their piece of the pie

By James Thorner

Sears wondered how GM could simply cancel bonds without suffering consequences of other defaulters. “Suppose you miss a couple car payments?” Sears said. “Suppose you don’t pay your IRS taxes?”