Monday’s American Morning audience awakened to the bankruptcy of General Motors. While the event was not unforeseen, many remained confused about the bankruptcy in conjunction with the government bailout and presented questions on numerous topics related to the filing.
How do you feel about the General Motors’ bankruptcy? How will it affect you? What is your opinion about GM’s future? What questions do you have about the bankruptcy?
The GM bondholder/school teacher was very heavily criticized for her naïveté and her seemingly alternative agenda against President and Mrs. Obama.
What did you think of the interview with the schoolteacher/bondholder? Was she right to blame the government for the failure of GM?
During his presidential campaign, President Obama suggested that he hoped to have an administration that would be post-racial. In other words, not hung up on matters of race. But several Republicans say Judge Sonia Sotomayor's own words have put the issue of race front and center in her nomination to the Supreme Court.
A 51-year-old man, identified by police as Scott Roeder, has been charged with the murder of abortion provider Dr. George Tiller. Tiller was gunned down in Wichita, Kansas at his church yesterday.
Diane Derzis owns the New Women Health Care Clinic in Birmingham, Alabama, a clinic that provides abortions and has for more than three decades. She spoke to Kiran Chetry on CNN’s “American Morning” Monday.
Kiran Chetry: You knew Dr. Tiller for years. What was your reaction when you heard about this shooting?
Diane Derzis: Absolutely stunned…also not surprised. We've all known that something like this was going to happen. The question was who was it going to happen to?
Chetry: Your clinic was the one that was bombed in Birmingham, Alabama, by Eric Rudolph, the suspect now serving time because of that.
Chetry: What is it like going to work knowing you have a target on your head?
Derzis: It's been like that for many years. You know, every abortion provider in this country knows what kind of atmosphere we work in. We have these people in front of the clinics…These antics would not be allowed in any other business, but it's part of what we do. I think you would have the hundreds of abortionists tell you the same thing that we are all proud of what we do, we love what we do, that we do serve women. And that we do so knowing what the risks are.
Chetry: When you say you love what you do, can you explain more about that for people who understand what a contentious situation it is. It's a choice that no one wants to have to make, people make it obviously. But when you say you love what you do, explain that.
Derzis: You know, you can't meet and talk with the women that we see on a daily basis and not know that what you're doing is right and moral…And Dr. Tiller, the women he saw…he was the last resort. These were women who had wanted to be pregnant, who valued their pregnancies and for whatever reason were forced to terminate. And I think that's the important thing is we know what kind of a role we place in the community…no one would choose to do this for a job. It's a calling.
General Motors turns to bankruptcy today in the hopes of finding a new start. The move comes after a majority of those holding $27 billion in GM bonds agreed to swap that debt for a stake in the new General Motors.
Debra June is a small bondholder who six years ago invested $70,000 in GM bonds. She predicts that investment is now worth less than $200. She spoke to John Roberts on CNN’s “American Morning” Monday.
John Roberts: You invested $70,000 in GM bonds some six years ago. As a result of this deal, that is going to be converted to equity shares. What's that investment worth now?
Debra June: Well, what happened, John, I got this booklet at the original thing. This is a 200-page booklet and they sent this in the mail and the offering was two shares of stock for every $1,000. That's 140 shares of stock. They said originally in the booklet it was going to be 225 shares, but as you kept reading the booklet it said they were going to convert that to 101 reverse-split, which would be two shares of stock. $70,000 for 140 shares of stock.
There was no way I was going to take the deal. Then they came out and they sweetened the deal. And I tried to contact General Motors. I left a message with the people I called up. I talked to the people on the phone. I e-mailed two e-mails, “Please let me know what the deal is.” I'm with GM Bondholders Unite, the 60-plus group and also the Main Street Bondholders. What they're doing to the people is ridiculous. It's horrible. You're wiping out common people that saved money. I'm not a corporation.
Roberts: No, you're a school teacher, we should point out. So $70,000 is a huge amount of money to you.
June: It is. It is. And it's a shame. I mean what they're doing, they're saying 10% and this and that. I don't know what they're doing. People out there have saved their money. We've done the right thing. I pay my bills and here all of a sudden, they want to give me two shares. 140 shares of stock.
Roberts: And that stock, all in total is worth about what, $200?
June: I believe so right now.
Roberts: Maybe less than that.
June: Even less. When they regroup, even if the stock was $10. That's unbelievable. I mean I can't imagine someone doing something like that.
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