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November 11, 2005
Are the WaPo editors reading Clear Thinkers?
On the heels of yesterday's post regarding General Motors' Enronesque experience, the Washington Post business section leads with this article today that links General Motors and the "b word" in the same headline, and includes the following tidbit of information:
In a research note yesterday, Ronald A. Tadross, an auto analyst at Banc of America Securities LLC, called a bankruptcy filing "inevitable" and put the risk over the next two years at 40 percent, an increase from a previous estimate of 30 percent. Tadross said he thought GM management could be held responsible for the accounting errors and, if the management team is shaken up, the option of a bankruptcy reorganization would become more likely.
The London Daily Telegraph chimes in with the bankruptcy theme, too.
Posted by Tom at November 11, 2005 07:16 AM
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