Quote (Emp_Mirage @ Jul 18 2013 04:38pm)
Detroit became the largest city in us history to file for
Bankruptcy--fuck what if they liquidate the lions?
Ford didn't even need to take a bail out, but when the govt was giving away money to chevy and chrysler they stretched out a hand too.The Ford family has got the money to buy Detroit if they wanted, don't worry about our Lions bro.
http://useconomy.about.com/od/criticalssues/a/auto_bailout.htm"Ford requested a $9 billion line-of-credit from the government, and a $5 billion loan from the Energy Department. Ford pledged to accelerate development of both hybrid and battery-powered vehicles, retool plants to increase production of smaller cars, close dealerships, and sell Volvo. Ford is in better shape than GM or Chrysler because it had already mortgaged its assets in 2006 to raise $24.5 billion. Although Ford didn't need, and didn't receive any funds, it also didn't want its competition to get the upper hand thanks to the government bailout."
This post was edited by SheriffCool on Jul 18 2013 05:03pm