Jon Stewart asks why we keep buying crap companies

GM Bankruptcy Update

cnbc.com – GM said Thursday it reached a deal with some major bondholders that would give them a bigger stake in a reorganized automaker and could pave the way for a fast-track bankruptcy backed by the U.S. Treasury.
The announcement was the clearest indication yet that GM, the No. 1 U.S. automaker, is close to filing [...]

Bondholders Expect GM to File Bankruptcy

GM bondholders expect the company to file for bankruptcy after its bond offer expires, reports CNBC’s Phil Lebeau.

GMAC $20Bil Bailout Once Again and No Complaints?

GMAC is set to receive $20 billion of government capital and WSJ’s Dennis Berman tells colleague Evan Newmark, the nation is oddly silent about the move. He says Congress and the rest of the country seem to have grown numb to the bailouts. – marketwatch.com

Cramer – The Suez Canal

The Suez Canal is a canal in Egypt. Opened in November 1869, it allows water transportation between Europe and Asia without navigating around Africa or carrying goods overland between the Mediterranean and the Red Sea. Cramer is bullish on Nordic American Tanker [NAT] as the play on the endless amount of goods [...]

GM Takes a Dive after US Rejects Rescue Plan

A reaction to the government’s plan to remove Rick Wagoner as GM’s CEO, with Mike Jackson, AutoNation CEO/chairman.

Cramer – Bottom Fishing Picks

Believes China (FXI) is the first to recover from government actions including the stimulus program.

Cramer – The Rail Story