Headline DS #57 - GM's CEO: Bankruptcy is Possible

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Jamie Noguchi
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"GM's CEO: Bankruptcy is Possible" is from the April 1, 2009 edition of the Express. I'm kind of curious as to why the administration didn't take a similar tactic with the banking and financial industries as it has with the auto industry. Fire the CEO, give them a month to come up with a plan, threaten bankruptcy. Rinse and repeat. I guess it's too late to do the same for the financial industry, but it'd certainly feel good to see some bank CEOs get the chopping block. http://www.headlineds.com Distributed by Tubemogul.