Jim Rogers posted his interview with Barrons.com on April 20, 2009. We suggest you read it, he is of course of the opinion that creating debt to save failing companies is a bad idea, but of course the only idea politicians have in this country.
We are not of that opinion for GM given the huge social net cost of supporting their employees should the company fail. Cheaper to have them doing something than nothing in my opinion, not to mention keeping dealers alive for the time being. By the way, Ford is at risk if sales continue under 10M vehicles per year. We expect that FIAT will not pen a deal with Chrysler and therefore Chrysler will be the first to go bankrupt.
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