Monthly Archives: June 2009

GM Files For Bankruptcy

It finally happens. What does it mean? June 1, 2009 was a sad day for General Motors: the venerable automaker, now financially vulnerable, filed for Chapter 11 bankruptcy (and was kicked out of the Dow Jones Industrial Average).1,2 This shocked no one, and the stock market didn't suffer. The Dow gained more than 2% on…
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