According to CNN, they file on Monday. Obama will talk to the country at 11:30 am Monday on GM. No doubt he will attempt to quiet the nerves.
What's interesting to me is that for the past several weeks everyone has been saying they are already factoring into the equation GM's bankruptcy. Accordingly the market has lifted. But now that the reality is certain, the fear returns.
It doesn't seem much different from how any of us approach something that brings fear. We try to put it aside, and work through it. But when the actual moment arrives we proceed with a supra-fundamental understanding that carries us through in its own way.
Reuters: Nikkei edges down, eyes on fate of GM
Japan's Nikkei stock average edged down 0.3 percent on Monday, retreating from the more than 7 month highs marked last week, as wariness about the expected bankruptcy of General Motors weighed on the market.