New Era in Autos as GM Set for Bankruptcy

Wall Street Journal by Kevin Helliker, Neil King Jr., John D. Stoll | Jun. 1, 2009 (News Analysis)

The question now facing 56,000 auto workers, 3,600 GM dealers and the Obama administration: Will it work? Full Story »

Posted by Kaizar Campwala

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by William Owney - Jun. 1, 2009

The "reporting" begins with a series of unsubstantiated assertions. When did sourcing cease to be a journalistic requisite? Further down, the reporting becomes more factual. It's as if the reporters wrote one story and the higher-ups put their version on top of it.

What about the millions of shareholders, many of them retirees on fixed incomes, who learned only at the last minute that existing stockholders would be wiped out? Is this the face of contemporary populism.