Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (17434)	4/17/2003 10:23:33 AM
From: Jim Willie CB	Read Replies (1) of 89467

heard from guy in finance world: Ford has 30% defaults their car loan business is approaching bankruptcy he didnt think Ford would survive thru 2004 all those 0% rate/ 0% down loans to people barely employed showing insecure income has now come back to haunt the firm they didnt make any money on the sales now they are losing money on the loans $18 in LT debt for every $1 in mktcap they announced a 17% cutback in production recently TOO LITTLE, TOO LATE Ford's bankruptcy will shake up the entire US Economic world / jim p.s. thanks on Pesek and Dollar (clownbuck getting cornered)

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