Tuesday, September 16, 2008

Gloom, Dispair and Agony on Me . . .
Financial Industry Woes Bode Ill for Auto Market


The implosion of many parts of the financial markets, from Fannie Mae to Lehman Brothers, bodes ill for any short term revival of the auto markets. It also means that GM, Ford and Chrysler will have to get in line at the financial aid troth in Washington. With just a few weeks before the Capitol shuts down for the fall elections and the birth of a new Congress, not to mention a new (Yeah!) president. I'd have to say the chances of any significant new loan package finding its way to Detroit are less than 1 in 10.

What a bummer, let's not think about it. Why don't you watch Hee Haw instead?


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