Washington Times profiles GM small bondholders…
By William Ehart
When people think of “bondholders,” they imagine tycoons. J.P. Morgan. Warren Buffett. Even the fictional Gordon Gekko of “Wall Street” fame.
In fact, tens of thousands of the bondholders of General Motors Corp. are not rich at all – and never were, even before the value of their bonds collapsed in the months leading up to the giant automaker’s bankruptcy filing.
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