“I am an American retiree. Like many small investors, I am relying on ’safe’ investments such as bonds backed by America’s largest companies to fund my retirement. One of these companies is General Motors. First, let’s set the record straight about who owns GM’s bonds. We are hardworking families, individual investors and retirees who purchased billions of these bonds in $25, $50 and $100 increments. Many bonds were bought directly and others are held in our pension funds, 401(k) plans and other retirement programs.”
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