Bankruptcy

GM: Bankruptcy "More Probable"

Calculated Risk — Mon, 11 May 2009 14:12:00 -0400

“Certainly the task that we have in front of us is large, but we know that we can get it done. Today it’s more probable that we would need to resort to a bankruptcy process. read more »

Pound Sinks As Britain Teeters On Edge Of Bankruptcy

mish — Thu, 22 Jan 2009 07:05:00 -0500

The British Pound has imploded on fears of bank nationalization and Prime Minister Gordon Brownâ€™s plan to give the Bank of England unprecedented powers to buy securities. read more »

The Car Czar: Auto Firms May Go Bankrupt Anyway

247Wallst — Tue, 16 Dec 2008 06:47:24 -0500

The car czar is a joke, a way to get a few billion dollars to GM (GM) and Chrysler while they move their companies in better shape for certain Chapter 11 filings. read more »