Chrysler to File for Bankruptcy - washingtonpost.com

Will GM bondholders follow their lead?Chrysler to File for Bankruptcy - washingtonpost.com: "Chrysler, one of the three pillars of the American auto industry, will file for bankruptcy today after last-minute negotiations between the government and the automaker's creditors broke down last night, an Obama administration official said.U.S. officials had offered Chrysler's secured lenders $2.25