Posted by gun guru on May 06, 2009 at 17:06:55 from (71.10.39.206):
I got a notice from GM yesterday that says in short "we want to give you 1/10 of your value of your bonds with common stock, so we can avoid bankruptcy" I am sending in my "HEII NO" Statement in a day or two.
GM basically wants to default on $27,000,000,000 in notes so that they can get away with paying lucrative severance packages to the employees and executives and they still dont want to stand up to the UAW.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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