IS GM NEXT?

Just wanted to pass along this short Reuters item. The SEC is looking into GM’s accounting practices in light of the Delphi banktupcy, fueling rumors that GM could find itself in Chapter 11 before long. GM has rubbished the rumors, but its potential liability (estimated at up to $12 billion) for some Delphi-connected pension plans could be a difficult pill to swallow.

http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nT308558&imageid=n=

Other stories on the topic:

http://www.foxnews.com/story
http://quote.bloomberg.com/apps/news?pid=10000006&sid=aA8yZdGpFo8M&refer=home
http://money.cnn.com/2005/10/10/news/fortune500/gm_outlook/

Mac