Latest move: government gets 72%. As for the union…:
Earlier this week, the bondholders balked at a plan to give them 10 percent of the new GM, even after the Obama administration and the company agreed to scale back the United Auto Workers union’s stake in a newly restructured company. Union workers, through their health care trust, originally were to get a 39 percent stake; that was reduced to 17.5 percent. (emphasis mine)
Wimps…
