Reply to thread

Message

<blockquote data-quote="The Other Side" data-source="post: 885385" data-attributes="member: 17969">Trippy,I never said FORD recieved goverment money.&nbsp; NICE TRY, but no cigar.&nbsp; FORD Stock was almost at ZERO when it went to the banks with a restructure plan.&nbsp; IT was FORCED to sell some UNITS of the company and present assets to place against large loans to keep it in business.If FORD had not recieved these loans, it too would have went out of business by filing for Bankruptcy.&nbsp; The only other option would have been a bailout from the goverment.Just before they obtained the loans, you could have bought FORD stock for a buck.FORD was in as much trouble as GM or Chrysler but it did not have the liabilities that GM had.&nbsp; GM was over invested in banking, mortgages, cars and dealerships.&nbsp; All were money losers thanks to 5 dollar a gallon gas under GW BUSH.Not only was GM losing money on car sales it was also losing homes to foreclosure during BUSH.FORD did not have the same liabilities.&nbsp; It was easier to secure large loans to save FORD along with help from the UAW and the employees.&nbsp; Everyone had skin in the game so the banks gave FORD the BAILOUT money that they needed to survive.Peace.</blockquote>

[QUOTE="The Other Side, post: 885385, member: 17969"] Trippy, I never said FORD recieved goverment money. NICE TRY, but no cigar. FORD Stock was almost at ZERO when it went to the banks with a restructure plan. IT was FORCED to sell some UNITS of the company and present assets to place against large loans to keep it in business. If FORD had not recieved these loans, it too would have went out of business by filing for Bankruptcy. The only other option would have been a bailout from the goverment. Just before they obtained the loans, you could have bought FORD stock for a buck. FORD was in as much trouble as GM or Chrysler but it did not have the liabilities that GM had. GM was over invested in banking, mortgages, cars and dealerships. All were money losers thanks to 5 dollar a gallon gas under GW BUSH. Not only was GM losing money on car sales it was also losing homes to foreclosure during BUSH. FORD did not have the same liabilities. It was easier to secure large loans to save FORD along with help from the UAW and the employees. Everyone had skin in the game so the banks gave FORD the BAILOUT money that they needed to survive. Peace. [/QUOTE]

Verification