Could Uncle Sam Save Detroit?

With stocks in both General Motors and Ford sinking to historic lows, it’s clear that Wall Street thinks bankruptcy is a serious possibility. While no one is calling Wall Street “the smart money” these days, investors are right to worry about Detroit’s liquidity crunch. It’s very real. Ford is better off, having mortgaged its assets to get cash in the bank before the credit crunch. GM didn’t see around the same corner and will have a tough time raising more money to weather the storm.

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