Ford Executive on CNBC just now:
"One of the great myths is that there is no credit available out there."
What's the other one? That F is headed to zero?
Comments
6
Posted by guest, Oct 15, 2008 10:30AM
Even as people were being turned down for mortgages months ago they were still saying "there is credit out there".
7
Posted by guest, Oct 15, 2008 10:31AM
Even as people were being turned down for mortgages months ago they were still saying "there is credit out there".
8
Posted by guest, Oct 15, 2008 10:32AM
"One of the great myths is that vessels cannot be built to be unsinkable...."
~White Star Line, 1914
11
Posted by diablo, Oct 15, 2008 10:36AM
GMAC is giving you a loan if your FICO is greater than 700. So you can buy a car using GMAC financing if you are in the top 58% of the consumers. Or say it the other way, 42% can't get a loan thru GMAC to buy a car. That hurts auto sales.
I don't know what the other myth is. Global warming? Drill, drill, drill? Money grows in trees? I'm clueless.
12
Posted by guest, Oct 15, 2008 10:40AM
Uh, I hate to agree with anyone related to Ford, but he or she is correct. Credit is still available for industrial companies, even if it is not for financials.
Just because you can't get laid Saturday night doesn't mean everyone else isn't getting some.
13
Posted by guest, Oct 15, 2008 10:44AM
Plenty 'o credit out there for us farmers. Our Ag Econ guys don't know how to create structured derivatives for farm loan bundles, so no screw ups there.
~"Till" Disker,
10 mile south of Mason City, IA
Farmer Extraordinaire
15
Posted by guest, Oct 15, 2008 10:54AM
Off Topic but....bald and beard are going down in flames with their fearless leader Bush. Failed policy after failed policy. This admin has had more failed policies than the F.
16
Posted by guest, Oct 15, 2008 11:06AM
Ford has come up with a new option for on the F150, a heated tailgate.
That way when you're pushing it in the winter, your hands stay warm.
17
Posted by guest, Oct 15, 2008 11:17AM
Ford’s new Flex AWD crossover, which looks like a cross between an elongated Scion xB and a Mini Cooper, has an MSRP starting at $37K and fully loaded is close to $45K. Even in the best of times whoTF would pay $45K for a glorified station wagon and from Ford nonetheless?
18
Posted by guest, Oct 15, 2008 11:37AM
Who knew F-150 was not a truck, it was a prediction - $1.50
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Posted by guest, Oct 15, 2008 10:24AM
Get Some #1
There is credit - just not for non-local businesses.