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Loan Modification

: Mortgage Lender Implode-o-Meter

1000 GM Dealerships Forced Out May 15; Executives Dump Shares; Restructuring May Fail

By Implode-Explode Heavy Industries

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"It has been clear for a long time that GM was headed for bankruptcy. However, everyone has assumed GM will quickly restructure. That would be a serious mistake according to Edward Altman, a professor of finance at the Stern School of Business and creator of the Z-Score formula that calculates a company?s probability of bankruptcy."

Full post as published by Mortgage Lender Implode-o-Meter on May 13, 2009 (boomark / email).

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