Municipal Bond Forum
GM
Q
Will your company recommend selling GM bonds for a loss if and when the time comes? I saw an editorial in Fortune online that seemed to indicate that it is not if, but when, and they are saying 2007.
A
James A. Klotz responds:
In contrast to Fortune, we feel that our clients – if they choose to sell their General Motors and GMAC bonds – will do so for a profit. Although there are still hurdles to overcome, we are pleased with GM’s turnaround efforts to date.
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