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.