GM Goes Bust

What used to be the largest corporation in the world is now bankrupt. This isn't exactly a surprise. Here's what I wrote in 2006: Whither GM?

In 1979, the British economy was in free fall. Inflation was spiraling out of control. The unions were demanding commensurate pay increases, and when they didn't get them, they struck. The country that had stood up to the Luftwaffe was failing apart. The garbage men went on strike and soon piles of "rubbish" dotted the countryside. Even the gravediggers went on strike and corpses were gruesomely left unburied. continued

by Eddy Elfenbein | 06/01/09 | Stocks: GM,

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GM Goes Bust

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Can Citigroup Be Saved?

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