“If GM bondholders weren’t safe then no one is safe.”
MILLIONS are still thinking that when a bank personage says “ It’s guaranteed by the FDIC “ or something like — ‘Your money is gtd by the FDIC or PBGC for this pension plan’ that they are - home free-
Anyone recall the FSLIC ?
YOU’RE Screwed folks !
Read the fine print on that FDIC “guarantee” sometime. It surprise most folks.
L