GM - 4

An important point. A small percentage of bondholders (I think 10%) hold Credit Default Swaps (Derivatives) & I think they will make more money if GM goes bankrupt than if GM is reorganized out of court. I think this is one of the problems with the bondholders and the out of court settlement. It only takes 10% of bondholders to accept or reject an offer. We are talking about an extremely important decision about GM, a huge American corporation, and it could be made because of unregulated CDS.