In this tough economic climate, it seems that one can’t pick up the daily newspaper without reading a story on another corporate bankruptcy. Might automaker General Motors be next? Last week the WSJ quoted GM chief executive Fritz Henderson as saying bankruptcy remains a “probable” outcome.
With this possibility on the near horizon, SmartMoney reporters Dan Burrows and Will Swarts offer their timely article, “7 Big Bankruptcies That Rocked the Markets,” available here.