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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,858
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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a55Xzqbtn7Zk
near the bottom
but Ford always said they did not need a loan or bailout, they were/are looking for a backup (standby credit) in case GM or Chrysler failed which would drive many of the parts makers out of biz.
Ford is in the best shape of the three by far - think its silly to make Mullay work for $1 - if not for his action to raise $30BN shortly after he took over (about 2 yrs ago) Ford would be gone by now, and none of the past decades' mistakes were his.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
Last edited by jyl; 12-10-2008 at 11:32 AM..
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