naked capitalism: Is a GM Bankruptcy Inevitable?

naked capitalism: Is a GM Bankruptcy Inevitable?: "No one seems to be taking seriously the possibility that bankruptcy is inevitable for GM and perhaps Chrysler. And were that to take place, opinion is sorely divided as to what that might mean for the industry and economy."

It looks like GM maybe the one to go, and it is the biggest of the lot. The fall out will be significant on the N American economies, expect bad news after the holidays I fear.