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How can one company manage to recieve so much bad publicity?

 

http://carscarscars.blogs.com/index/

 

"Bankruptcy IS An Option

If you have to constantly tell people that bankruptcy is not an option, guess what? It's an option. Autoblog reports: Ford: bankruptcy "not an option". From Reuters

 

Standard & Poor's cut its rating on Ford debt deeper into junk territory on Wednesday, lowering it one notch to single-B-plus from double-B-minus and saying "2006 would be a more difficult year for Ford than previously anticipated".

Sigh. This is interesting, however:

Bill Ford told the paper the company had no interest in taking itself private, despite reports that it has studied doing so amid a falling share price and a flurry of private-equity-backed deals.

Private, eh? No more mega scrutiny, eh? Ford has no credibility in our books* any longer, so anything that comes out of the corp. means nothing. We predict both bankruptcy and Ford going private."

Edited by Bluecon
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