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Politics : The Obama - Clinton Disaster
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To: Sedohr Nod who wrote (3584)12/22/2008 5:01:10 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "Who wants to buy a car from a bankrupt company?".....I would say it is more likely that people would be more afraid to keep their money in a bank rumored to be failing, despite any insurances and guarantees of the funds.....

I'm sure it works the same way for autos:

Q --- Who would want to buy a car from a company that (you knew) was ON THE VERGE of going bankrupt? (And so... might not be able to stand behind their warranty.)

A --- I'm guessing few would want to, they only would if some third party formally stood behind the warranty. (You know, similar to what F.D.I.C. insurance does for bank deposits....)
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