On Nov 5, 2009, at 02:51 , jon@dakota-truck.net wrote:
> I
> don't think its a coincidence that the only one of the big three
> currently turning a profit - Ford - is also the only one that didn't
> latch onto the government "bailout" teet. A really smart move on
> their part;
Don't forget that was /pure/ luck: they were doing the worst of three
huge failures, and had to take out massive private loans to continue
operations before the other two - but when they were in need private
financing was still available. Chrysler and GM held out longer, but
long enough that they couldn't secure private financing. So now we
all own them. Lucky us.
Mike
Bitter in NY
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