Story Comments

I'll bet that a lot of those bondholders are staunch conservatives that decry the use of tax dollars to supply public housing assistance or subsidized medical care.

Now the government is being asked to salvage a company that overpaid millions of workers and was ripped off by its executives. In the meantime the mass transportation infrastructure continues to deteriorate.

Give me a break. If we start selling lots of cars again - where will we put them. The highways are clogged and even the streets of small cities like Dayton, Ohio have turned into parking lots as the driveways overflow with automobiles.

Let GM go bye bye and spend the money to build an infrastructure that will help everyone.

I totally agree with Mrs. Eggert. Not only do I depend on the income from my GM bonds to keep me from eating cat food in my retirement (I'm now 76), but I bought some GM bonds for my Granddaughter's Coverdale college fund. I am not a rich fat cat. I just worked hard all my life, saved some money, paid my debts, and was naive enough to think that the biggest company in the world (at one time) would outlast me. I wonder if our president is aware of how many of us there are out here.

Bill Reed

We are retired mom-and-pop investors in GM bonds, who bought them to help fund our retirement. We have seen the underlying value of the bonds decline 95%, and are facing the loss of the income, which will affect our ability to live comfortably. Since Mr. Obama favors the "small guys", and likes the US workers, perhaps he can classify ourselves as part of that group. We worked as patriotic Americans all our lives, and took measures to take care of ourselves in our reitrement. Is it illegal to split the bondholders into two parts: the 20% of us who hold a "few" shares, say less than 100,000 or so, and the other 80% who hold the big bulk of the bonds? That way we could possibly get fairer treatment. Also, where is the forum for small bondholers to have their wishes be known to GM and the government? We would like some ability to have our "say" in all this.
Nancy Eggert