Reasons for the Bankruptcy

well............
they had given loans to customers..........
which could not be recovered..............
so they had to write off debts worth billiions of dollars............
they also did'nt have any liquid cash to run their business..............
so had to file for bankruptcy...............
with the US govt.............

Sachin Dabolker
searchin82@gmail.com
sachind_june07@mba.isquareit.ac.in