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05-28-2012, 02:13 PM
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#11 |
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Senior Member
Join Date: Mar 2007
Location: chicago
Posts: 654
Likes: 675
Liked 180 Times in 55 Posts
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Re: Oh - well
Ford used gubbamint guarantees to get their loans. They funneled it through their own financial services so in effect thy took gubbamint money and "loaned" it to themselves to stay afloat.
They were smart enough to do it a couple years before the bottom dropped out is all. |
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