THE WASHINGTON TIMES | Stories - Washington Times
Skip to content

THE WASHINGTON TIMES

Articles by THE WASHINGTON TIMES

THE BONDHOLDERS: David Talbot

David Talbot's grandfather bought GM bonds for him when he was 4 years old. The bonds were supposed to mature at $20,000 in 2012, and Mr. Talbot hoped to pay off his college loans with the proceeds. But Mr. Talbot said he's "pretty grumpy" about the prospects of making any profit. He said he would be lucky to get back the principal investment of $5,000. Published June 15, 2009

THE BONDHOLDERS: David Tuckerman

Six years ago, when his adviser invested $20,000 in GM bonds, David Tuckerman's retirement savings were worth $260,000, he said. His investments are now worth $90,000, hurt by the declining market and bad investments, including his GM bonds. Published June 15, 2009

THE BONDHOLDERS: William Nast

Three years ago, William Nast bought GM bonds to fund his retirement and to "generate wealth" — as investment advisers like to say — so that he could pass on money to his five children. Now those lofty words look empty. Published June 15, 2009

THE BONDHOLDERS: Bill Zastrow

Bill Zastrow has more than 30 years' experience investing in bonds and purchased $240,000 of GM's debt before they were declared "junk" bonds by Wall Street ratings agencies. He went in with his eyes open, he said. He thought he was limiting his risk by investing in bonds instead of stocks. Published June 15, 2009

THE BONDHOLDERS: Jim Modica

Jim Modica feels guilty. In March 2006, he persuaded his brother, Mark, and two of his four sons to buy GM bonds. Published June 15, 2009

THE BONDHOLDERS

Eight vignettes of GM bondholders Published June 15, 2009

THE BONDHOLDERS: Joan Pryor

Six years ago, Joan Pryor and her husband bought GM bonds for their retirement. Neither had a pension, and they felt they needed more retirement income than Social Security could provide. Published June 15, 2009

THE BONDHOLDERS: James Graves

Jim Graves was one of the many GM bondholders listening to a conference call in May about the impending bankruptcy. He was also one of many participants who ended the call in confusion. Published June 15, 2009

Summer Bird wins Belmont

This was a Belmont for the Birds. It was Summer Bird, not Mine That Bird and jockey Calvin Borel, who came roaring down the long stretch and won the final jewel of the Triple Crown on Saturday. Published June 7, 2009