Cramer: GM Goes Bankrupt; Murdoch Buys the WSJ

According to Jim Cramer, Rupert Murdoch will, in 2006, become the proud owner of the Wall Street Journal. Cramer also argues that General Motors will file for bankruptcy, and that there will be a spate of mergers among big pharma. None of those seem like stretches — matter of fact, they feel perfectly plausible, even overdue (in the case of GM) — so I’m guessing Jim and I are both wrong in thinking they’ll happen.

obDisclaimer: I write a weekly column for the Cramer-founded finance site, TheStreet/Realmoney.