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Re: [Pen-l] Bridge loan for auto

Carl Dassbach wrote:
> And what happens if they fail even with these "bridge loans" - does the government "own" them?<

if they fail even with these loans, then the US government would
likely be the first creditor in line to claim what's left of the
Detroit 3's assets as part of liquidation.

(US National Public Radio has stopped calling them the "Big 3" and is
now calling them the "Detroit 3," which seems appropriate. The only
problem is that it makes them sound like the "Catonsville Nine" or the
"Chicago Eight.")

Speaking of bridge loans, I've got a bridge you may want to buy...
easy financing...
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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