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Originally Posted by CrawfordGene  Since post bankruptcy filing money is scarce, the first company to file may get enough to survive, the 2nd and 3rd may not get any and have to liquidate. |
This may sound odd, Gene, but I agree with you. Easy big fella. The way I have it figured is that Ford has cash and can make it if they hold on. This won't last forever. My top bet is $3, however.
Chrysler is probably dead in the water but has the capability of in house financing. GM, on the other hand, will probably attract financial suitors for chump change, will shuck off the unions, and renegotiate new contracts w/ vendors. The vendors will have to go along to get along. The problem might be that the man w/ the cash is from Toyota or Honda. GM is leaner, meaner, and owned by foreign interests.
Wanna go ahead and get started w/ the new thread? It will involve the people that discover that bankruptcy is Federal relief so even if the people that don't want the fed involved they will find that they will be one way or the other. Loans, bailouts, bankruptcy--all Federal relief.
You're welcome!