4-30-09

4-30-09—According to restructuring plans proposed this week, [UAW] will have more than half the stock in Chrysler and a third of GM, meaning it will have tremendous influence, along with the government, in determining the future of the companies. ... “We believe the offer to be a blatant disregard of fairness for the bondholders ...” a group of GM bondholders said ... NYT B1