close
    What was the total loss to bond holders for the Chrylser and GM bailouts

    The federal government bailed out the auto industry with large loans but that is only half of the story.  What happened to the equity of bondholders?  How much did they lose in the bailouts?


    Oama says 1 million jobs would have been lost without the bailouts?  Is this true?

    0  Views: 384 Answers: 1 Posted: 10 years ago

    1 Answer

    I found this very interesting article...


    http://www.nationalaffairs.com/publications/detail/the-auto-bailout-and-the-rule-of-law


    I have read that bondholders lost about 75% of their investments.


    And this from another article ... Link provided...


    Finally, what about the bond holders who many conservatives say were shortchanged in the deal receiving just pennies on the dollar of the value on their investment? Well, buying the bonds was a bet that in this case did not pay off and many of the bondholders purchased the bonds at fire side sale prices to begin with.


    http://www.huffingtonpost.com/marvin-meadors/did-president-obama-hand-_b_1317910.html


     



    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18064 / Questions: 154
    Karma: 1101K
     
    Colleen
    Answers: 47271 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11323 / Questions: 160
    Karma: 838K
     
    Benthere
    Answers: 2393 / Questions: 30
    Karma: 760K
    > Top contributors chart

    Unanswered Questions

    ask me how to use the narrative?
    Answers: 0 Views: 15 Rating: 0
    > More questions...
    449289
    questions
    718304
    answers
    726855
    users