“Bankruptcies, they fall out of the sky, as we’ve all seen in the last two or three weeks,” Rob McMahon, managing director for restructuring at GE corporate lending, told the Reuters Restructuring Summit in New York this week.
The credit crunch has triggered Lehman’s bankruptcy and the $85 billion U.S. government rescue of American International Group.
At the Reuters Restructuring Summit, journalists at Reuters offices in New York and London are talking to bankruptcy industry insiders about who will be the next to fall.
What do YOU think is the next sector, or company, at risk for going bankrupt, and why?
Summit Notebook
Exclusive outtakes from industry leaders
After Lehman, who do YOU think is next?
Posted by: Nicole Volpe
Tags: Restructuring, bankruptcy
Post Your Comment
House Rules:
- We moderate all comments and will publish everything that advances the post directly or with relevant tangential
- We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous.information.
46 comments so far
Previous | 3 | 2 | 1 | Next
Nobody is to big to fail.
- Posted by EmileThe Soviet Union fell very quickly.
The US will fall as well. It is just a matter of time.
Asia is RISING.
I wouldn’t be too surprised if General Motors go under.
Vehicle sales are on the decline since oil charged to $147 per barrel but now that oil has retreated, the economy is headed for a recession.
Even if they cut costs, they still need to raise capital to tide through this tough period.
http://jeflin.net
- Posted by jeflin“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)
- Posted by Marcus3rd president of US (1743 - 1826)
I think the next to go is the US. If it does not go all by itself, than all the other economies should push US alongwith Uncle bush down
- Posted by MDTThis is what happens when the USA has good money chasing after non-value creating and non-economic propelling causes like financing the war with Iraq. If the many billions $ were used to generate businesses and the domestic job market the sub-prime crisis could have been everted. After property & finance I foresee the airlines and leisure industries (including gaming) facing the music soon.
- Posted by B. Suresh KumarA right bunch of idiots Americans must be to tolerate this kind of nonsense. Where is the tar and feathering? Where is the tea in the harbor? Citizens?
- Posted by Jack Mehoff