Well, this bailout surely convinced people that GM won't eventually go bankrupt. A 59 percent interest rate means that people loaning GM money want to get their principle back quickly. Compare this to the interest rates at Bank of America (1.9%), Morgan Stanley (1.5%), JPMorgan Chase (1.6%), or AT&T (6.1%).
Even after Friday's bailout GM's Bonds are paying 59% Interest
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Oleh
abudzar
