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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (259758)	9/10/2003 2:26:22 PM
From: ild	Read Replies (1) \| Respond to of 436258

Earlie, there is a big bubble in auto financing. Ford and GM have like $200-300 Bln in auto loans. Data on delinquencies is not available, but I'd bet it's not pretty. I saw only this a while ago: Mitsubishi Motors Shares Slump on Profit Forecast (Update1) July 25 (Bloomberg) -- Mitsubishi Motors Corp. shares slumped as much as 19 percent after the company slashed its group full- year net income forecast and said it would post a loss in the first half to cover defaults on its car loans in North America. quote.bloomberg.com