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RodgerRafter's comments on Ford
FWIW I agree 100%

So, just to clarify, you (by agreeing with Rodger) are predicting a 100% probability of Ford going out of business and a very high probability (approaching 100%) of GM going out of business (Rodger: "company is insolvent ... (as is GM)"? I know that "insolvent" doesn't equate with going out of business, but that's how Rodger's message reads to me, especially the last 2 paragraphs.

Also, Rodger said: If the company would just declare bankruptcy and transfer ownership from the stockholders to the bondholders all those jobs could be preserved.

First of all, preserving jobs is not the objective of a for-profit company in a capitalist market, but that's a whole separate discussion. As for the quote above, I don't understand how, by any scenario, Ford could preserve "all" of its current jobs. Please explain.


P.S. These are originally Rodger's words, so maybe he would be the better person to ask, but you did say that you agree 100%.
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