Yep, misspoke, just debt holders. Shareholders usually receive nothing. Regarding societal benefit of the bailout, even with imminent domain, the government ha

Yep, misspoke, just debt holders. Shareholders usually receive nothing. Regarding societal benefit of the bailout, even with imminent domain, the government has to give the owners fair compensation. It can't simply step in and disregard rule of law and pick and choose its preferred winners. Keeping GM afloat in no way excuses the preferential treatment. The unions hardly took a haircut at all compared to the bondholders: http://online.wsj.com/news/articles/SB10001424052702303768104577462650268680454 http://online.wsj.com/news/articles/SB1000142405270230376810... http://online.wsj.com/news/articles/SB124105303238271343 http://online.wsj.com/news/articles/SB124105303238271343