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Rhyder · 09-02-2012, 01:42 PM

6 billion < 132 billion and counting.........

I cant believe so many people focus on one minute fact about this, that ford took a loan from the government and ignore every other aspect....so what if ford took a loan from the government....it was 6 billion dollars, not even 20 percent of Fords net worth in 2009....

GM has now taken 132 billion and still counting, this not counting the billions in debt shed from the first bankruptcy, almost 150% of GM's net worth in 2009........how is it even a comparison? Thats like saying when confronted about stealing a car, the thief starts into a rant about oh ya, that little kid over there stole a pack of gum......

A company borrowing up to 20% of its net worth to build and inprove is a healthy company.

A company borrowing 150% of its net worth to just survive is not.

09-02-2012, 01:42 PM	#67
Rhyder Drives: 2012 45 Anniversary Vert Join Date: Apr 2012 Location: atlanta Posts: 2,511	6 billion < 132 billion and counting......... I cant believe so many people focus on one minute fact about this, that ford took a loan from the government and ignore every other aspect....so what if ford took a loan from the government....it was 6 billion dollars, not even 20 percent of Fords net worth in 2009.... GM has now taken 132 billion and still counting, this not counting the billions in debt shed from the first bankruptcy, almost 150% of GM's net worth in 2009........how is it even a comparison? Thats like saying when confronted about stealing a car, the thief starts into a rant about oh ya, that little kid over there stole a pack of gum...... A company borrowing up to 20% of its net worth to build and inprove is a healthy company. A company borrowing 150% of its net worth to just survive is not.