GM bondholder has rough ride
By Jerry Kronenberg
Bill Zastrow fears he’s about to lose $240,000 he put into General Motors bonds to finance his kids’ educations, and he puts lots of blame on one man: Barack Obama.
“GM bondholders are not speculators as President Obama calls us,” said Zastrow, the 58-year-old president of Millbury’s FileMark Corp. “We’re talking about people’s retirement funds and education funds. These aren’t derivatives or anything like that.”
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