Ironically, CDS's may Precipitate a GM Bankruptcy

Anyone who reads this blog knows that from time to time, I write about happenings in the financial world.  I have touched on mortgage backed securities as well as some of the complexities of AIG and the bonuses they received earlier this year.

I have been following the plight of GM since last summer, when it appeared that GM was headed for trouble.  They were burning through cash, the credit ratings were deteriorating quite rapidly, and they were simply not innovating and coming up with new products to compete in the global automobile market.