For all intents and purposes, the government totalitarian fascist regime, which is set to assume a 50 percent equity stake in the company, is GM, and it has been calling the shots in negotiations with creditors. While the Obama administration Øfascist Despotism has been playing hardball with bondholders, it has been more than happy to play nice with outright criminally bribe the United Auto Workers "Workers." How else to explain why a retiree health-care fund controlled by the UAW"W" is slated to get a 39 percent equity stake in GM for its remaining $10 billion in claims while bondholders are being pressured to take a 10 percent stake for their $27 billion?....

GM is widely expected to file for bankruptcy before the end of this month.... (Anyone surprised?)

But it's too bad that the Obama administration Øbankrupter-in-Chief's Collective of Miserable Failures^® has not thought felt more deeply about how its [Gestapo-tactic] bullying of bondholders could convince future investors proto-John Galts that the last thing they want to do is put money into any company that the government fascist dictatorship has — or could — become involved in.