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Home / News / GM’s Main Street bondholders would lose, lawyer says

GM’s Main Street bondholders would lose, lawyer says

The loser in a General Motors Corp. bankruptcy would be Main Street, not Wall Street, said a lawyer who represented Chrysler's dissident lenders and is trying to organize bondholders who hold up to $7 billion in GM's debt. A separate group of GM bondholders said Thursday it will accept a 10 percent equity stake in a ...