October 4, 2008

Observation of the Day: On the Big 3 Bailout

Filed under: Business Moves, Economy, Quotes, Etc. of the Day, Taxes & Government — TBlumer @ 11:51 am

At my Pajamas Media column (”U.S. Auto Industry Crashes; Taxpayers Serve as Airbag”), courtesy of “Al Brown”:

25 billion is more than the market cap of all three automakers!!

Evidence:

GM: $5.1 bil.
Ford: $8.9 bil (strangely, the F symbol is now “Ford Motor Credit Company”; that is odd).
Chrysler (private, surely worth less than either GM or Ford).

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