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Post by huxbux on Dec 10, 2008 12:27:36 GMT -5
Now I'm wondering what options Ford has left. Since the Feds have declared that "they" will oversee the use of these bailout monies to the automakers, this essentially means that Pelosi, Reid , and Obama will be running these companies. Ford has said they would be okay financially for 2009. Assuming they are deathly afraid of the feds making executive decisions for them (who thinks they aren't?) Will they (like some of the big banks who didn't want the feds help) be required to accept the money and therefore come under the thumb of government, or will they be allowed to reject the funds and end up being the only American automaker left standing in a couple more years?
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Post by Woody Williams on Dec 10, 2008 12:41:32 GMT -5
Now I'm wondering what options Ford has left. Since the Feds have declared that "they" will oversee the use of these bailout monies to the automakers, this essentially means that Pelosi, Reid , and Obama will be running these companies. Ford has said they would be okay financially for 2009. Assuming they are deathly afraid of the feds making executive decisions for them (who thinks they aren't?) Will they (like some of the big banks who didn't want the feds help) be required to accept the money and therefore come under the thumb of government, or will they be allowed to reject the funds and end up being the only American automaker left standing in a couple more years? I would think that Ford or any car company coudl just opt out of the "loan" and the government would have no more control over them - than they do now. Which is probably too much.. The Pols can't even run the government, how do they think that they can run a car company ??
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Post by huxbux on Dec 10, 2008 20:37:33 GMT -5
Now I'm wondering what options Ford has left. Since the Feds have declared that "they" will oversee the use of these bailout monies to the automakers, this essentially means that Pelosi, Reid , and Obama will be running these companies. Ford has said they would be okay financially for 2009. Assuming they are deathly afraid of the feds making executive decisions for them (who thinks they aren't?) Will they (like some of the big banks who didn't want the feds help) be required to accept the money and therefore come under the thumb of government, or will they be allowed to reject the funds and end up being the only American automaker left standing in a couple more years? I would think that Ford or any car company coudl just opt out of the "loan" and the government would have no more control over them - than they do now. Which is probably too much.. The Pols can't even run the government, how do they think that they can run a car company ?? One would think the banks would have been given that option also, but they were not.
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Post by steiny on Dec 10, 2008 21:35:20 GMT -5
There will still be plenty of places to buy your cars from if one or more of the big three fail.
The American public is getting buffaloed big time about the alleged "horrible financial crisis" that will result if we lose one or more of these compaines. If one or more of them go broke, it will provide opportunity for the remaining manufacturers to gain market share, add jobs, grow, etc. At present there is more automobile supply than demand, so we could stand to lose a manufacturer or two ...... may the best company survive.
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Post by Decatur on Dec 10, 2008 22:05:26 GMT -5
Steiny
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Post by varmint101 on Dec 10, 2008 22:42:04 GMT -5
I believe Ford will end up doing well if Chrysler and GM get their bailout. I've often thought Ford has a better program and have been a little more insightful to what's going on than the other 2. Such as safety, mpg, and emissions. Chrysler should have been gone a long time ago imo and I think they still will go the way of the dodo bailout or not.
I've only ever bought GM vehicles, but if everyone ends up making it through all this I think I will become a Ford man.
I had thought I read in the Republic not long ago about some bank here that was deciding whether they wanted any of the money the government said they could have or not. Rather, if they actually needed it which I don't believe they did. Sounded like they had a choice to take the loan or not.
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Post by huxbux on Dec 11, 2008 6:57:05 GMT -5
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Post by whitetaildave24 on Dec 11, 2008 9:32:40 GMT -5
I know the bank I work for did not take any of the money that the government was giving out. We had no sub prime mortgages and the FDIC actually asked us to take over a bank that was going under down in Georgia and that bank is now running under our name and with our systems.
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