dealbook.blogs.nytimes.com - 6/2/2009
—
While it isn't the largest Chapter 11 case that the nation has ever seen, General Motors' bankruptcy case will have its place in the record books.
nytimes.com - 6/1/2009
—
nytimes.com —
General Motors followed Chrysler into bankruptcy on Monday
in a case that will be one of the...
largest and most complex in history. It hopes to follow the same path Chrysler has taken through court, but there will be some differences between the two ...
(more)
Answers to Some Questions About G.M.’s Case
dealbook.blogs.nytimes.com - 6/1/2009
—
dealbook.blogs.nytimes.com —
In a 98-page affidavit filed in New York
on Monday, Fritz Henderson, who became General Motors' chief...
executive in March, laid out the factors that led the giant automaker into Chapter 11.
(more)
Why We Filed, by G.M.'s Chief Executive
bloomberg.com - 6/1/2009
—
bloomberg.com —
June 1 (Bloomberg) -- Chrysler LLC , idling
plants and shutting dealerships in bankruptcy, probably helped shrink...
the U.S. auto market by 35 percent in May as the industry endured its worst start to a year since at least 1976. The seasonally adjusted ...
(more)
U.S. Auto Sales Likely Tumbled 35% on Chrysler, Jobs ...
Comments
Blog Reactions
G.M.’s Big Bankruptcy, by the Numbers - DealBook Blog - NYTimes.com
FinanceProfessor.com —
More on the story that everyone seems to be talking about. G.M.’s Big Bankruptcy, by the Numbers - DealBook Blog - NYTimes.com: "...excluding financial companies — which generally have bigger balance sheets than industrial companies — G.M. isn’t the reigning Chapter 11 heavyweight. The largest nonfinancial bankruptcy in United States history is that of WorldCom: when it filed in 2002, it reported about $104 billion in assets. (Many of those “assets” vanished, however, when WorldCom’s accounting fraud was straightened out.) Nevertheless, ...
Related Content
GM Bankruptcy Appears Certain
nakedcapitalism.com 5/27/2009 —
We have for some time been concerned about the odds of a GM bankruptcy. While bankruptcy in theory offers some compelling advantages, GM is so large that only certain operations could be hived off. The thought, as with a traditional Chapter 11, ...
Bankruptcy Looks Likely for Chrysler
nytimes.com 4/30/2009 — DETROIT Last-minute efforts by the Treasury Department to win over recalcitrant Chrysler debtholders failed Wednesday night, setting up a near-certain bankruptcy filing by the American automaker, according to people briefed on the talks. Barring an ...
Tim Geithner To Put Chrysler In Bankruptcy Next Week
zerohedge.blogspot.com 4/23/2009 — Developing story out of the NYT . The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday. The Treasury has an agreement in ...
The man of system will now fix the auto industry (by Russell Roberts)
cafehayek.com 3/31/2009 — The President spoke today about his latest attempts to save the auto industry. You could teach a semester-long class in economics from this speech. So many errors and insults to the intelligence of the citizenry. The boldface and non-indented stuff ...
Riding Roughshod Over Chapter 11?
dealbook.blogs.nytimes.com 6/9/2009 — Some professionals and academics suggest that the rushed sale of Chrysler, as well as the fast-tracked bankruptcy of General Motors, amount to an end run around the Chapter 11 process.
Administration on GM, Chrysler
calculatedriskblog.com 3/30/2009 — Update2: From MarketWatch: Corrected: Chrysler, Cerberus agree to Fiat deal framework Update: The government is also backing warranties for GM and Chrysler. That is a key step towards bankruptcy. US backs warranties for GM, Chrysler (ht Stephen) The ...
Chrysler Bankruptcy Agreement
richard-wilson.blogspot.com 5/7/2009 — Chrysler Bankruptcy Agreement In hopefully the lasts of posts on this topic here is another interesting article on the Chrysler bankruptcy case. In case you missed the past posts we have been following this here , here , here , and here on HedgeFundBlogger.com. You can call the plan to merge ...
Chrysler Bankruptcy Reorganization Terms & News
richard-wilson.blogspot.com 5/1/2009 — Chrysler BankruptcyChrysler Bankruptcy Re-organizationHere is a short video of Obama speaking about the Chrysler Bankruptcy and how they will be working with Fiat to re-structure the company. Hedge funds were slammed for holding out for better terms and contributing to the bankruptcy of ...
Implications of General Motors Failure & The Administration’s Tactics
economicdiscourse.com 3/30/2009 — The topic du jour, General Motors. The zombie corporation that technically is dead, bankrupt, and washed out, yet continues to walk around and cause problems. The media has become overly concerned with the central issue of Wagoner being pushed out by the government, a move that has critics on ...
Chrysler's Fall May Help Obama to Reshape G.M.
dealbook.blogs.nytimes.com 5/16/2009 — Fresh from pushing Chrysler into bankruptcy, President Obama and his economic team are hoping that the hard line they took last week gives them leverage to force huge changes in General Motors, a far larger and more complex company.
Officials tell The ...
How Wall Street Almost Killed Detroit —
The Big Money 6/1/2009
Slowly, the blow-by-blow accounts of how Chrysler and General Motors (GM) ended up in bankruptcy court are beginning to emerge. It’s actually pretty simple: Wall Street screwed Motown.
OK, sure, Detroit made some bad bets on trucks and SUVs and ...
Nationalizing General Motors —
The Big Money 6/1/2009
Today, General Motor faces the inevitable, a bankruptcy filing that will "temporarily nationalize the onetime icon of American capitalism," The New York Times writes, with the rest of the business press too leading off their coverage this ...
Chrysler's Italian Job Foiled —
The Big Money 6/3/2009
Not so fast, Chrysler. A federal appeals judge late on Tuesday agreed to temporarily halt the sale of Chrysler's assets to Fiat, a move that could stall Chrysler's exit from bankruptcy proceedings, The Washington Post reports this morning. The ...
Which Side Are You On? —
The Big Money 6/3/2009
It's been a long time since American devotees of Marx (Karl, not Groucho) have had much to cheer about. But with the bankruptcy filings of General Motors and Chrysler, and the transfer of stock ownership from the firms' long-suffering ...
Business this week —
The Economist: Full print edition 6/4/2009
General Motors entered bankruptcy protection. Although the recession helped push it under, the company had a long history of mismanagement and union intransigence. GM was once an emblem of America’s industrial might, but its bankruptcy, with ...
Follow WallStreetBlips on Twitter
