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Wasn't Ford, unlike GM and Chrysler, NOT a recipient of bailout "too big to fail" federal money?
by jjtheblunt 3y ago
Wasn't Ford, unlike GM and Chrysler, NOT a recipient of bailout "too big to fail" federal money?
- abakker 3y agoyes, but it was more circumstantial. by lucky happenstance they had arrange a significant loan facility almost directly before the financial crisis. they leveraged this heavily but because the financing had been arranged ahead of time it left them more sound. Ultimately, the other vehicle makers just got loans from the government post-hoc.
- coredog64 3y agoThe Ford family are significant shareholders. The “No dividends” clause of the bailouts would have hit them hard. If they hadn’t timed it well with the pre-GFC loan, it’s likely they would have tried harder not to take the bailout regardless.