90 at 9: Obama to GM: 'no you can't'

Bernard Hickey details the key overnight news in 90 seconds at 9 o'clock, including news Barack Obama has rejected another request for bailout funds from GM and instead told GM's CEO Rick Wagoner to resign. GM may go bankrupt unless it can reform inside a month, causing the Dow to drop more than 300 points. Meanwhile, Ireland's sovereign credit rating was downgraded to AA+ from AAA overnight and America's Federal Accounting Standards Board has softened "˜mark to market' rules after lobbying by banks.    

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.