ford is not seeking to be bailed out, as they see themselves as being viable. ford was smart, and sold a few subsidiaries in 2006. for gm, and chrysler, it is a different matter.
in response to grahods post; there was an interesting article in the west , which expressed concerns about the involvement of chinese firms in australian businesses (ie resource companies). chinese companies are interlinked through the role of the state, and funding for projects comes from a government agency. In effect, it is possible that the chinese state, would exert a lot of control over resoruce companies. given the size of china, then it might be hard for australia to ignore the chinese, once they have control of our resource companies.
as noddyland states "everyone will be expecting the same treatment". many mining projects have been shelved; indeed many projects have been shelved, after having had plenty of money invested to get the project partially complete, and now due to a lack of funds (eg cmr, wvl), the project seems doomed. whose fault is it??? - well, a lot of companies could have raised more capital, when the share prices were a lot higher.
from time to time, it is good for the economy to slow down, as it is again possible for some business to find staff. eg watso was reading the other day, that even though there has been a severe shortage of nurses in the past, this scenario has changed dramatically, as nurses re enter the work force.
OZL Price at posting:
$6.50 Sentiment: None Disclosure: Not Held
