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GM’s Dissident Bondholders Revealed
My post last week about the business press failing to routinely disclose the identity of dissident bondholders in both the Chrysler and General Motors (GMGMQ) Chapter 11 proceedings drew a comment that the information is in the public record and can easily be accessed. Which is true and bolsters my complaint.
Will Porsche Speak Chinese or Russian?
The genie is out of the bottle with Porsche and countries that want to invest in the embattled carmaker. In what the New York Times’ DealBook is now calling a “botched” attempt to take over Volkswagen, Porsche racked up massive debt and now needs a sovereign-wealth-fund bailout—as opposed to a good, old-fashioned national treasury-funded bailout (see: Chrysler, General Motors).
