Wednesday, December 03, 2008

Bank on the auto industry

Guambat was perusing this article, Ford to 'Aggressively Restructure,' Seeks $9 Billion in Bridge Financing, and thought, why don't the auto companies fold themselves into their finance arms and mutate them into banks, ala Goldman Sachs?

Then they could avoid all that embarrassing Congressional cup-passing and such and go straight to the Fed.

That's the problem with waking up a Guambat in the middle of the night to catch up on world events from his rockhole high above beautiful Tumon Bay on a sleepyish Micronesian island.

Yawn.

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