In response to:

Jindal: “We Don’t Start Winning Majorities … by Insulting Our Voters.”

Xtra Wrote: Nov 18, 2012 8:15 PM
The General Motor's bondholder's scenario. Unmentioned amid the overwhelming publicity surrounding the stock offering were the original unsecured GM bondholders. My effort to explain their position follows: According to the trustee, the bondholders who technically own all the assets of the old GM Corp. (Motors Liquidation Company) will receive 10% equity in the new GM along with warrants for an additional 15%. The timing of this distribution of equity to unsecured bondholders is subject to the bankruptcy court process and will occur after a reorganization plan is submitted, accepted and implemented. It cannot be determined how long this will take, but three to six months seems to be a reasonable estimate.
Xtra Wrote: Nov 18, 2012 8:15 PM
Some bondholders have expressed disappointment in being unable to participate in the new stock offering, annoyed at being forced to wait for the conversion to stock and warrants.

I believe this will prove to be irrelevant as the bonds are now changing hands at prices that will reflect and track the movement of the stock, anticipating the eventual conversion.

On the morning the IPO was released to trade, the GM benchmark 8 3/8% bonds were trading at 34 to 35 cents on the dollar, a far cry from May of 2009, when they hit bottom at approximately 1.5 cents.
Xtra Wrote: Nov 18, 2012 8:15 PM
So, for the first time since GM began to stumble toward oblivion, bondholders have a reason to be optimistic.

Auto experts are impressed with GM's product line and their electric car, the "Volt," was named green car of the year.

Wouldn't it be wonderful to have the beleaguered GM bondholders end up with a "happily ever after" ending? Of course this does not match the Republican party's happy ending!

And friends, let's not forget that the socializing of the American auto industry began under George W. Bush and the Republican party. Can't we all good conservatives agree that de-socialing under Obama is a good thing?
OBAMA-DRAMA Wrote: Nov 18, 2012 8:18 PM
Utterly............... absurd.

On Fox News Sunday Louisiana Governor Bobby Jindal once again distanced himself from Mitt Romney’s unfortunate and divisive post-election remarks, and upbraided two Republican Senate candidates for “saying stupid things” during the 2012 election cycle:

Louisiana Gov. Bobby Jindal continued his critique of the Republican Party and its 2012 presidential contender Mitt Romney on Sunday as he argued for the GOP to become a larger tent party.

Romney drew a firestorm of backlash from fellow Republicans when he told donors on a conference call that President Barack Obama defeated him because of so-called “gifts” that he gave to...