"Big 3" Bailout

[NevGroom]

The auto bail out plan, as seen by Ford/Chrysler/GM.

In response to the new bailout plan from Congress the big three have cobbled together a new ad aimed at explaining it's impact to the consumer.

http://www.ritholtz.com/blog/wp-cont...y-our-crap.png

[miller]

hang on whats a condo in miami got to do with Ford/Chrysler/GM...

[NevGroom]

Link was broken

[WildCards]

I've heard from a man on the inside that Ford have/had $25bn in reserves for a rainy day. At their current rate of decline, by the end of 2009 they will have 'dipped' into this reserve fund to the tune of $16bn. If they don't get this plaster the US govenment are proposing, Ford International could be no more inside 2 years from now. That's alot of people out of a job.

[pitslayer]

i laughed at the picture, but Wildcards does have a very good point, if the US goes tits up, then there is the possibility that alot of people in this country will loose a lot of jobs

[djb160]

they have about 4 months worth of money left according to TIME