Frontrunning: June 1

• Savings rate surges to 5.7% (AP, Bloomberg)
• Long expected GM bankruptcy a fact (Bloomberg)
• While markets rally on strong manufacturing news...everyone making cars now it seems (AP)
• The 31-year-old in charge of dismantling GM (NYT)
• Citigroup stuck with Bernanke offer rival banks plans to refuse (Bloomberg)
• KKR reports $1.2 billion loss (Bloomberg)
• Is Larry Summers taking kickbacks from banks he's bailing out? (AlterNet)

Big thanks to Mark, Robert, Graphicsquote, and StockMarketSage for their generous donations. Sphere: Related Content

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