Thursday, January 29, 2009

Mmm, Crow

Just over a month ago, in a post I titled For Ford Motor Company No Evidently Means Yes, I noted the following.

Ford Motor Co. said Friday it would not need a short-term loan from the government, but lauded the Bush administration’s decision to extend aid to its cash-strapped competitors and renewed a request for a nine billion dollar line of credit.

To which I stated, “In the real world, a line of credit is still a loan.”

Today, Ford Motor Company is dining on crow.

Ford Burns $5.5 Billion in Cash, Taps Revolving Loan

Posted by John Venlet on 01/29 at 11:14 AM
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