General Motors is following Chrysler into bankruptcy.  Currently GM is going to file Chapter 11 Bankruptcy, where it reorganizes and sheds debt to become a profitable company again.  Chrysler filed bankruptcy at the end of April and is set to emerge reorganized and perhaps the blueprint for GM’s bankruptcy.
Chrysler is selling most of it’s assets [...]

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I haven’t had time to post but the US government is no longer interested in purchasing toxic mortgages and taking them off the books from banks. Instead the Federal Government will provide capital to banks by purchasing stock in the companies.  Honestly this sounds like a better plan, though I’m unsure if it’s the Government [...]

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