The reason so many dictatorships fail is because the center of power ignores the overall consequences of what are usually described as actions on behalf of the good. Without the bother of consulting with all the involved parties, a lot of time is saved, of course. The appearance of boldness and decisiveness is impressive. Ask any Venezuelan. But, ignoring consequences, as if the impact of an act on this group of ten, or that group of ten thousand, were just personal matters for the affected, has a price. In not very many years, most of the eyes gazing upon the great one at the podium are not looking out for the next great thing, but for the great man's fall.
When people think of "bondholders," they imagine tycoons. J.P. Morgan. Warren Buffett. Even the fictional Gordon Gekko of "Wall Street" fame...In fact, tens of thousands of the bondholders of General Motors Corp. are not rich at all — and never were, even before the value of their bonds collapsed in the months leading up to the giant automaker's bankruptcy filing..Most of the company's $27 billion in private debt is held by investment firms. But many of those firms are actually managing the money of individual investors. And fully 20 percent of the bonds are owned personally by roughly 100,000 mom-and-pop investors across the country, according to Main Street Bondholders, a group organized to lobby on their behalf....GM's Deal Erased Many Average Americans' Savings, William Ehart, Washington Times, 6/15/2009
Go to the link and then follow the one to portraits of investors in GM.