As of the close of business on Friday the market cap for General Motors was about $1.9 billion, Ford about 4.3 billion....Chrysler is privately held but it's a safe bet that their FMV is less than $2 billion...probably a LOT less....so for approximately a lousy $7 billion....a rounding error for the federal budget...the government could simply BUY the entire U.S. auto "industry" --- actually, of course, it's just the U.S. nameplate manufacturers, but that's another story --- for what amounts to a pittance.
Monday, November 17, 2008
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