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Jeffyboy,
Aug 11 04:57 am
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All Comments by Did U Think The Ponzi Scheme Would Last? »The Ford Debt Disaster Continues [View article]
"I disagree on the level that the debt is completely poor. If they sold this debt off they would get much less then the loan loss value of the debt out there."
Who exactly would they sell existing debt to? Who has money to buy someone else's toxic investments (for that is exactly what ford has financed to the tune of 140 bn) when everyone in the world is scrambling to raise cash?? They should have done this 2 years ago and they would be smiling right now.
Ford is a goner unless they get some sort of gov't (socialist) funding. What part of that is unclear to you?