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Are Ford & GM about to go Bankrupt ?

wwswimming

Banned
Jan 21, 2006
3,702
1
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what was the last company that had $300 billion in liabilities and a stock market capitalization of $4 billion ? WaMu.

GM balance sheet, 190 billion in liabilities, market value of $3 billion.
http://quote.yahoo.com/q/bs?s=GM

Ford balance sheet, 260 billion in liabilities, market value of $5 billion
http://finance.yahoo.com/q/bs?s=F

(those pages have links to the income statements.)

Europe WAS one of GM's bright spots.

i watched WaMu fall from a market cap of about $8 billion 6 months ago to the recent $4-$5 billion, before it got assigned to - whoever. final sale price - $1.8 or 1.9 billion.

i think GM and/or Ford are about to go BK. what banks would be most impacted by GM or Ford defaulting on their debt ?

Thank you for participating in the forums, but this topic is already in progress here
-Schadenfroh (AT Mod)
 

Dufusyte

Senior member
Jul 7, 2000
659
0
0
How about we bail out the automakers, and let the taxpayers go bankrupt instead?
 

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