How Convertable Bonds Can Bankrupt GM and make money doing it.

W

wrightme43

How about this one.

If you had a investement that looked like you were going to get 30cents for every dollar you had in it, and then the Government promised to pay you 100 cents for every dollar and you still got your 30 cents too, would you take the 30 cents or the 130 cents?

What would you do? What do you think the bondholders are going to do?

How much of the debt is covered by AIG?


http://market-ticker.org/archives/921-GM-Bankrupt,-UNLESS.....html
 

Cuba

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Wow that's great to know. I wonder how many other hidden passthroughs AIG has lying dormant at the moment? One thing this administration is really good at is motivating people to act responsibly.
 
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