On Mon, 11 May 2009 08:44:18 -0400, "Eisboch"
wrote:


"Canuck57" wrote in message
...

"Eisboch" wrote in message
...

Interesting prospective on the UAW...

http://seekingalpha.com/article/1366...e?source=yahoo

I think he overstates the CAW/UAW in holding any cards. They are holding
a bluff hand.

Bond holders hold the cards. Lets see how they play them. Even the
Chrylser deal is at risk as not all bond holders have been suckered into
pennies on the dollar.


You are not up to date. The Chrysler bond holder ranks thinned and then
those that remained threw in the towel due to political pressure brought on
by Obama inspired negative public opinion.
This was late last week.

GM's bond holders are facing the same public opinion problem. Only
difference is that there are many more of them.

And a lot of them are pension funds - like the State of California.

Heh,heh, heh...