In another example of "unintended consequences," some bond holders are beginning to avoid companies such as General Motors, after the recent moves by the Obama administration to short-change its creditors (see Bloomberg article). Companies with strong unions or extensive medical and pension legacy cost, similar to those at GM, may find it difficult in the future to obtain the funding they need from those labeled by the administration as "speculators". Even those that are still willing to lend will now do so only on their financing terms, which will most likely involve higher rates to compensate for the added credit risk each investor is now taking for the possibility of being "leapfrogged in a bankruptcy," according to those at Schultze Asset Management. In addition to the other automakers, including Chrysler and Ford Motor, companies such as AMR are also being shunned. The irony is that each of the car companies will probably be looking for financing in the future to help fund new energy efficient technology, such as hybrids and more efficient engines, yet they may find the terms offered in the markets unacceptable for making a profit. This of course will no doubt result in Joe tax payer once again making up the difference.