Penny Stocks obama
What percentage of stock do the?
United Auto Workers own in General Motors?
If and when G.M. files for bankruptcy, will the U.A W. screw themselves, like obama did to the original stock holders of G.M.?
I don’t see any reason at the moment for GM to file for bankruptcy again. At least not now. They exited and are much stronger than before, so it should be fine for now.
As for screwing the original shareholders, I think that’s a little bit of a misperception. When a firm goes into bankruptcy, creditors (and shareholders) usually only get pennies on the dollar (if that) because, they are last to get money after secured creditors, etc.
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