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Obama Motors

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Old 06-01-2009, 04:16 PM   #10
saden1
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Join Date: Feb 2004
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Re: Obama Motors

Quote:
Originally Posted by Trample the Elderly View Post
Ford didn't take a bail out.
Shows how much you know, again...they got themselves a ~10 billion line of credit from the US government in January when no one else was willing to give them a dime (junk companies get that kind of treatment). It got an additional 1.5 billion line of credit from the Canadian government. Guess what happens if they can't pay back that money? The government becomes the other guys.

You don't have to call it a bailout if you don't want to but please believe Ford from an investment prospective is near death company and would have certainly been dead without a government line of credit.
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