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Financial Post (Canada): “GM debt holders gird for battle”

“I know that you can lose money with the bonds. That’s fine,” [Anthony Pitelli] said. “What I don’t like is the political manipulation that’s going on here, the political interference in what should be a straight legal matter. GM goes bankrupt, let’s go to bankruptcy court. Let a judge decide what’s fair and reasonable for everybody. And let’s be paid… If [Mr. Obama] had his little girls’ education fund in [GM], maybe he wouldn’t be so quick to hand over my money to the UAW, which is what he’s doing. It’s just theft.”

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