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<p>[QUOTE=&quot;medoraman, post: 1255446, member: 26302&quot;]Large holders in GM and other firms have lost everything holding preferred stock. Cloud gives a great definition of Preferred Stock. Because it is in many ways the worst of both worlds, which is why its issuance has been going down for decades, it is not uncommon at all to be given option prices into common stock. If someone would look at existing preferred shares, they would see this is common practice.</p><p><br /></p><p>BAC got good press by the Buffett investment, and they got some needed liquidity. Not a bad deal for them nor their shareholders, (and I am one). To me it appears a good deal for everyone involved, which frequently makes it the best type of deals.</p><p><br /></p><p>Sorry, but throwing around terms like &quot;sweetheart deals&quot; makes it sound like he was given preferential treatment, or insider trading. Please back up slanderous remarks such as that if you choose to say them in a public forum. This deal is worst than what Berkshire made with GS and that deal also benefitted both firms.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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