U.S. action may raise bonds’ risk

Re: Tom Petruno’s markets column “Should bonds still get the love?” June 20:

The column didn’t mention a most significant new precedent. What has recent government meddling in the Chrysler and GM bankruptcies done to the risks of bond investing?

If the holder of investment-grade bonds is no longer ahead of other creditors for asset protection, how much safer is a bond investment over equities?

Government has chosen to give assets to union workers at bondholders’ expense. I hope this decision is challenged, or bond yields will increase, stifling industrial expansion.

Thomas Kolanoski

Costa Mesa