Actually Ford almost has enough cash to buy itself back and go private and take it off Wall Streets radar screen.
But it is not the Chapter 11 that concerns me, but Gedelfinger and Co (UAW) asking for their retirement plans (Now rapped into a "VEBA") to be absorbed and or bailed out by the Feds. Something that Glenn Beck actually predicted. We are moving way to fast towards a new socialism......
Just about anything is possible right now. I’m kindof along for the ride. I would like to see some sign of confidence somewhere.