The Barbershop has re-located

The proprietor has moved the shop to ChicagoNow, a Chicago Tribune site that showcases some of the best bloggers in the Chicago area. You can logo on to the Barbershop home page here. The ChicagoNow home page is here.

You'll still be able to post comments with the same ease as in this location. The proprietor also will keep this web site alive if you wish to review old posts.

Thursday, May 28, 2009

GM Bondholder Committee Accepts Revised Deal

Yeah, well the small, individual bondholders still don't think it's a great idea, according to the Wall Street Journal
A separate group representing small individual bondholders who hold about 20% of the company's bond debt said Thursday the new proposal doesn't look much better.

"From what many of our bondholders have heard, it's still a bad offer because it only gives bondholders 10% of the company," said Sarah Jackson, a spokeswoman for the Main Street Bondholders.

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