Hmm, it looks like we could have the biggest bankruptcy in a while if they go belly up:
Concerns about the future of the world's largest automakers are showing up in the credit default swaps market, where investors effectively buy insurance protection against defaults. Holders of GM debt who want to arrange a hedge against the risk that they won't be repaid are finding that the cost of buying the protection has risen dramatically in recent days.
Also there seems to be a pretty healthy amount of short interest in the stock at 11% of the float. Could high gas prices and lots of big gas guzzling trucks spell the end for GM? These prices have already hurt the Airline Industry. Could US automakers be next?
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