For all those people who thought I was exaggerating when I said that the government is now going to own 70% of GM.  Here's the story:

http://finance.yahoo.com/news/GM-makes-new-bondholder-offer-rb-15370745.html?.v=8

I wasn't exaggerating; in fact, I was being conservative (hee hee, I made a little joke! :) ).  We're not going to be on the line for 70% of GM; we're on the hook for 72.5% of GM!  Doesn't that make you feel all warm and fuzzy inside?

 


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