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Smart Money – “GM Bondholders Oppose Debt-for-Equity Offer”

GM Bondholders Oppose Debt-for-Equity Offer

By Josh Mitchell

“We represent middle America. We are the savers,” said Jim Dillahunty, a retired bond trader from Southern California. “I don’t know of any speculators here. What we expect as lenders of our hard-earned capital … is fair treatment.”

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