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Wednesday, August 02, 2006

Typical Wall Street Mania

If you read this article, you might get the idea that Ford is thinking of selling Ford to GM, maybe in a swap for Chevy. So GM would own Ford and Ford would own Chevy.

DETROIT - Ford Motor Co., which disappointed Wall Street with a $123 million second-quarter loss, is starting a review of poorly performing units, including Jaguar, with an eye toward possible sale of some operations, according to a published report.

Shareholders lose as usual, but investment bankers and lawyers will make off with huge commissions. And, I'm sure the golden parachutes for the CEOs will be doubled.

Fun and games on Wall Street.

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