17B going to Chrysler and GM, Ford says it doesn’t need any cash right now. Is this a good thing or a bad thing?
[quote]skaz05 wrote:
17B going to Chrysler and GM, Ford says it doesn’t need any cash right now. Is this a good thing or a bad thing?[/quote]
I read an article that described it as a loan, not really a bailout. If they actually pay it back, I don’t see how it’s going to hurt us a whole lot, but I don’t necesarilly know how I feel about the whole situation.
Ford is a huge part of our industrial heritage. If anything goes wrong with them, they will get bailed out. IMO people won’t let Ford fail because it’s Ford. It’s good to see however, that they may not need assistance.
chrysler should be receiving $0 until they disclose their finances. A private company owned by a equity group (Cerberus) with billions to spend should not be receiving government aid.