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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default Ford's success...

wrote:
On Tue, 03 Nov 2009 08:39:13 -0500, JohnH
wrote:

The U.A.W.’s president, Ron Gettelfinger, and its vice president in
charge of the Ford unit, Bob King, said in a statement that the
carmaker’s third-quarter profit was “evidence of the contributions
that Ford workers have made.”"


Wall Street seems to have ignored this. The stock is down today


Do you trust US corporate financials that much?

No one even went to jail for GMs mis-statements. There was even a class
action lawsuit that won, and their case was solid enough they didn't
need a criminal conviction.

US has the laws but SEC/Obama doesn't enforce them.

Meanwhile the Ford family might be selling out, why not? A little bit
that is left over is better than squat if Obama USSR nationalizes it too.