On June 1, 2009, General Motors files for bankruptcy. The natural course of this fourth largest official business failure was forestalled by the auto maker bailout, which progressives would later ballyhoo as a complete success in that investors and businesses would jump on the rescued company – which is what would have happened in an unbailed-out bankruptcy, anyway.
June 1 births include musical geniuses Mikhail Glinka (1804) and Alanis Morissette (1974).