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13Putting It In Perspective: Largest bankruptcies in U.S. history displayed graphically

Click above to view Good Magazine's largest bankruptcies in U.S. history infographic

51GM, Task Force preparing for "surgical" bankruptcy

According to a lengthy report by the New York Times, the Treasury Department is directing General Motors to begin work on a bankruptcy filing by June 1. Based on sources close to the talks who were unable to officially discuss the process, the report outlines the "fast 'surgical' bankruptcy" of the automaker if GM is unable to reach an agreement with the UAW and bondholders to exchange some $28 billion in debt into equity in the automaker.

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